Chatham Lodging Trust (NYSE:CLDT) Stock Rating Upgraded by Zacks Research

Chatham Lodging Trust (NYSE:CLDT) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on CLDT. Stifel Nicolaus set a $10.00 target price on Chatham Lodging Trust in a research report on Wednesday, March 4th. Weiss Ratings raised Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $10.00.

Chatham Lodging Trust Stock Performance

Shares of NYSE:CLDT opened at $7.75 on Wednesday. The firm has a market cap of $366.33 million, a PE ratio of 55.38 and a beta of 1.08. The firm’s 50 day simple moving average is $7.44 and its 200-day simple moving average is $7.01. Chatham Lodging Trust has a one year low of $5.83 and a one year high of $8.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 1.33.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The firm had revenue of $67.74 million during the quarter, compared to analysts’ expectations of $67.22 million. Chatham Lodging Trust had a net margin of 5.10% and a return on equity of 1.92%. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. As a group, equities analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current year.

Hedge Funds Weigh In On Chatham Lodging Trust

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in Chatham Lodging Trust by 195.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 3,858 shares in the last quarter. Advisory Services Network LLC bought a new stake in Chatham Lodging Trust during the 3rd quarter valued at $52,000. Strs Ohio purchased a new position in shares of Chatham Lodging Trust in the 1st quarter valued at $61,000. Quarry LP raised its position in shares of Chatham Lodging Trust by 61.9% in the 3rd quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Chatham Lodging Trust in the 1st quarter worth $62,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.