Chatham Lodging Trust (NYSE:CLDT) Rating Lowered to Hold at Zacks Research

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

CLDT has been the topic of several other research reports. BMO Capital Markets reiterated a “market perform” rating and set a $12.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Stifel Nicolaus raised their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.00.

Chatham Lodging Trust Stock Performance

NYSE CLDT opened at $12.89 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28. Chatham Lodging Trust has a twelve month low of $6.08 and a twelve month high of $13.88. The business has a 50-day moving average price of $13.01 and a 200-day moving average price of $10.08. The firm has a market cap of $601.75 million, a price-to-earnings ratio of 161.16 and a beta of 1.08.

Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%.The company had revenue of $87.80 million for the quarter, compared to the consensus estimate of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. As a group, equities research analysts predict that Chatham Lodging Trust will post 1.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Chatham Lodging Trust by 26.7% during the 1st quarter. Royal Bank of Canada now owns 193,422 shares of the real estate investment trust’s stock valued at $1,379,000 after purchasing an additional 40,746 shares during the last quarter. AQR Capital Management LLC lifted its stake in Chatham Lodging Trust by 35.8% in the first quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock worth $702,000 after purchasing an additional 25,926 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Chatham Lodging Trust by 6.6% during the first quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock valued at $2,064,000 after buying an additional 18,030 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Chatham Lodging Trust during the first quarter valued at approximately $62,000. Finally, Strs Ohio purchased a new position in shares of Chatham Lodging Trust during the first quarter valued at approximately $61,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

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.