Chatham Lodging Trust (CLDT) Receives Consensus Rating of “Hold” from Brokerages

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Shares of Chatham Lodging Trust (NYSE:CLDT) have been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.60.

Separately, Zacks Investment Research upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, January 1st.

Shares of CLDT stock traded up $0.24 during midday trading on Monday, reaching $20.77. 165,496 shares of the stock were exchanged, compared to its average volume of 243,689. Chatham Lodging Trust has a 1 year low of $17.29 and a 1 year high of $22.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $954.98 million, a price-to-earnings ratio of 9.71 and a beta of 1.22.

The company also recently announced a monthly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.36%. Chatham Lodging Trust’s dividend payout ratio (DPR) is 61.68%.

Several hedge funds have recently bought and sold shares of the business. Raymond James & Associates lifted its holdings in shares of Chatham Lodging Trust by 4.4% during the 4th quarter. Raymond James & Associates now owns 30,931 shares of the real estate investment trust’s stock valued at $547,000 after buying an additional 1,307 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Chatham Lodging Trust by 68.5% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,630 shares of the real estate investment trust’s stock valued at $807,000 after buying an additional 18,555 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Chatham Lodging Trust by 5.4% during the 4th quarter. Texas Permanent School Fund now owns 30,440 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 1,573 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Chatham Lodging Trust by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 764,952 shares of the real estate investment trust’s stock valued at $13,525,000 after buying an additional 20,613 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Chatham Lodging Trust by 3.3% during the 4th quarter. BlackRock Inc. now owns 8,165,998 shares of the real estate investment trust’s stock valued at $144,373,000 after buying an additional 258,540 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 136 hotels totaling 18,616 rooms/suites, comprised of 41 properties it wholly owns with an aggregate of 6,117 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,499 rooms/suites.

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