Chatham Lodging Trust (REIT) (NYSE:CLDT) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.90.

Several equities analysts recently weighed in on the company. BidaskClub upgraded Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Cantor Fitzgerald restated a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. Janney Montgomery Scott assumed coverage on Chatham Lodging Trust (REIT) in a research note on Friday, September 15th. They issued a “neutral” rating and a $21.00 price target for the company. Stifel Nicolaus restated a “hold” rating and issued a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Finally, Barclays PLC restated a “hold” rating on shares of Chatham Lodging Trust (REIT) in a research note on Sunday, November 5th.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Chatham Lodging Trust (REIT) by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock worth $98,990,000 after buying an additional 376,788 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Chatham Lodging Trust (REIT) by 0.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,325,682 shares of the real estate investment trust’s stock worth $70,904,000 after buying an additional 17,912 shares during the last quarter. State Street Corp boosted its holdings in Chatham Lodging Trust (REIT) by 28.5% in the 2nd quarter. State Street Corp now owns 1,133,956 shares of the real estate investment trust’s stock worth $22,774,000 after buying an additional 251,188 shares during the last quarter. Boston Partners boosted its holdings in Chatham Lodging Trust (REIT) by 3.1% in the 3rd quarter. Boston Partners now owns 1,124,547 shares of the real estate investment trust’s stock worth $23,975,000 after buying an additional 33,450 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Chatham Lodging Trust (REIT) by 65.7% in the 2nd quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock worth $21,665,000 after buying an additional 427,418 shares during the last quarter. Institutional investors own 76.69% of the company’s stock.

Chatham Lodging Trust (CLDT) traded down $0.02 during midday trading on Friday, hitting $22.82. The company’s stock had a trading volume of 449,200 shares, compared to its average volume of 326,648. The stock has a market cap of $916.85, a price-to-earnings ratio of 10.20 and a beta of 1.03. Chatham Lodging Trust has a twelve month low of $18.66 and a twelve month high of $23.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Chatham Lodging Trust (REIT) had a return on equity of 3.90% and a net margin of 9.03%. The business had revenue of $81.40 million during the quarter, compared to analyst estimates of $80.12 million. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 2.1% on a year-over-year basis. sell-side analysts expect that Chatham Lodging Trust will post 2.17 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.78%. The ex-dividend date is Wednesday, November 29th. Chatham Lodging Trust (REIT)’s payout ratio is 197.01%.

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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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