Zacks Research Downgrades Chatham Lodging Trust (NYSE:CLDT) to Hold

Chatham Lodging Trust (NYSE:CLDT) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on CLDT. Weiss Ratings raised shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Stifel Nicolaus raised their price objective on shares of Chatham Lodging Trust from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.00.

Chatham Lodging Trust Stock Performance

CLDT stock opened at $8.90 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $418.42 million, a P/E ratio of 63.54 and a beta of 1.05. The firm has a 50 day simple moving average of $8.10 and a 200 day simple moving average of $7.31. Chatham Lodging Trust has a 52 week low of $6.08 and a 52 week high of $8.93.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). The company had revenue of $67.74 million for the quarter, compared to analyst estimates of $67.22 million. Chatham Lodging Trust had a return on equity of 1.92% and a net margin of 5.10%.Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. Research analysts anticipate that Chatham Lodging Trust will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chatham Lodging Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in shares of 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 valued at $41,000 after purchasing an additional 3,858 shares during the period. Advisory Services Network LLC bought a new position in shares of Chatham Lodging Trust in the third quarter valued at approximately $52,000. Quarry LP raised its position in shares of Chatham Lodging Trust by 61.9% in the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 3,300 shares during the period. Strs Ohio bought a new position in shares of Chatham Lodging Trust in the first quarter valued at approximately $61,000. Finally, Acadian Asset Management LLC bought a new position in shares of Chatham Lodging Trust in the first quarter valued at approximately $62,000. Institutional investors own 88.37% of the company’s stock.

About Chatham Lodging Trust

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.