Chatham Lodging Trust (REIT) (NYSE:CLDT) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.75.

Several equities analysts have recently issued reports on CLDT shares. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Zacks Research raised shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Stifel Nicolaus restated a “buy” rating and set a $15.50 price target (up from $15.00) on shares of Chatham Lodging Trust in a research note on Friday, October 16th. Finally, Wall Street Zen raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th.

Chatham Lodging Trust Stock Up 1.6%

CLDT stock opened at $14.99 on Thursday. Chatham Lodging Trust has a fifty-two week low of $6.08 and a fifty-two week high of $15.16. The company has a market cap of $699.73 million, a P/E ratio of 12.31 and a beta of 1.11. The stock’s 50 day simple moving average is $13.60 and its 200 day simple moving average is $10.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $87.80 million during the quarter, compared to analysts’ expectations of $82.01 million. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. On average, research analysts expect that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, September 30th. Chatham Lodging Trust’s payout ratio is presently 500.00%.

Institutional Investors Weigh In On Chatham Lodging Trust

Several hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Chatham Lodging Trust by 102.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 938 shares during the period. State of Alaska Department of Revenue lifted its holdings in Chatham Lodging Trust by 5.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 1,269 shares during the period. GAMMA Investing LLC boosted its holdings in Chatham Lodging Trust by 146.8% in the third quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,389 shares in the last quarter. State of Wyoming increased its position in shares of Chatham Lodging Trust by 7.7% during the third quarter. State of Wyoming now owns 33,539 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 2,402 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Chatham Lodging Trust in the second quarter worth about $34,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.