Chatham Lodging Trust (REIT) (NYSE:CLDT) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities analysts have also commented on CLDT. Stifel Nicolaus restated a “hold” rating and set a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “sell” rating in a research report on Tuesday. Cantor Fitzgerald reissued a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. JMP Securities raised shares of Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Finally, Janney Montgomery Scott started coverage on shares of Chatham Lodging Trust (REIT) in a research note on Friday, September 15th. They set a “neutral” rating and a $21.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Chatham Lodging Trust (REIT) has a consensus rating of “Hold” and an average target price of $20.30.

Shares of Chatham Lodging Trust (CLDT) traded down 0.84% on Tuesday, hitting $21.20. 215,042 shares of the stock were exchanged. The firm’s 50 day moving average price is $20.53 and its 200 day moving average price is $20.01. The firm has a market cap of $830.36 million, a price-to-earnings ratio of 32.12 and a beta of 1.07. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $21.55.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.52). The company had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.84 million. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. Chatham Lodging Trust (REIT)’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Equities analysts anticipate that Chatham Lodging Trust will post $0.59 earnings per share for the current year.

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In related news, Director Robert D. Perlmutter sold 2,566 shares of Chatham Lodging Trust (REIT) stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total transaction of $52,269.42. Following the sale, the director now directly owns 33,258 shares in the company, valued at $677,465.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.60% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in CLDT. Vanguard Group Inc. lifted its position in Chatham Lodging Trust (REIT) by 8.3% in the second quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock worth $98,990,000 after purchasing an additional 376,788 shares during the period. State Street Corp increased its position in shares of Chatham Lodging Trust (REIT) by 28.5% during the 2nd quarter. State Street Corp now owns 1,133,956 shares of the real estate investment trust’s stock valued at $22,774,000 after purchasing an additional 251,188 shares during the period. Boston Partners increased its position in shares of Chatham Lodging Trust (REIT) by 2.1% during the 2nd quarter. Boston Partners now owns 1,091,097 shares of the real estate investment trust’s stock valued at $21,920,000 after purchasing an additional 22,621 shares during the period. Northern Trust Corp increased its position in shares of Chatham Lodging Trust (REIT) by 65.7% during the 2nd quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock valued at $21,665,000 after purchasing an additional 427,418 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Chatham Lodging Trust (REIT) by 90.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock valued at $12,270,000 after purchasing an additional 289,400 shares during the period. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

About Chatham Lodging Trust (REIT)

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

Analyst Recommendations for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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