Chatham Lodging Trust (NYSE:CLDT) Price Target Lowered to $9.50 at Stifel Nicolaus

Chatham Lodging Trust (NYSE:CLDT) had its price target reduced by stock analysts at Stifel Nicolaus from $11.00 to $9.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 39.83% from the stock’s previous close.

Separately, StockNews.com downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

Chatham Lodging Trust Trading Up 1.6 %

Shares of NYSE:CLDT opened at $6.79 on Wednesday. The business has a 50 day moving average of $7.62 and a 200-day moving average of $8.41. The stock has a market cap of $332.78 million, a PE ratio of -29.54 and a beta of 1.49. Chatham Lodging Trust has a 12-month low of $5.83 and a 12-month high of $10.00. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.

Institutional Trading of Chatham Lodging Trust

Several large investors have recently made changes to their positions in CLDT. Quantbot Technologies LP acquired a new stake in shares of Chatham Lodging Trust in the 4th quarter valued at $25,000. Lazard Asset Management LLC acquired a new position in Chatham Lodging Trust during the fourth quarter worth about $56,000. Quarry LP boosted its stake in shares of Chatham Lodging Trust by 23.5% in the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,423 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Chatham Lodging Trust during the 4th quarter valued at approximately $68,000. Finally, GAMMA Investing LLC increased its position in Chatham Lodging Trust by 565.4% during the 1st quarter. GAMMA Investing LLC now owns 9,568 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 8,130 shares in the last quarter. Institutional investors and hedge funds 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.