Chatham Lodging Trust (REIT) (NYSE:CLDT) Price Target Raised to $22.00 at Barclays PLC

Chatham Lodging Trust (REIT) (NYSE:CLDT) had its price target lifted by analysts at Barclays PLC from $21.00 to $22.00 in a note issued to investors on Wednesday, November 1st. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays PLC’s price objective would suggest a potential downside of 3.68% from the company’s current price.

Several other analysts also recently weighed in on CLDT. JMP Securities upgraded shares of Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. Stifel Nicolaus restated a “hold” rating and set a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Janney Montgomery Scott initiated coverage on shares of Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They set a “neutral” rating and a $21.00 price target on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. Finally, BidaskClub raised shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Chatham Lodging Trust (REIT) currently has an average rating of “Hold” and an average target price of $21.08.

Chatham Lodging Trust (NYSE:CLDT) opened at $22.84 on Wednesday. The firm has a market cap of $1,036.31, a price-to-earnings ratio of 10.20 and a beta of 1.03. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.86. Chatham Lodging Trust has a fifty-two week low of $18.66 and a fifty-two week high of $23.27.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The business had revenue of $81.40 million during the quarter, compared to analyst estimates of $80.12 million. Chatham Lodging Trust (REIT) had a net margin of 9.03% and a return on equity of 3.90%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. sell-side analysts predict that Chatham Lodging Trust will post 2.17 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Chatham Lodging Trust (REIT) by 42.5% in the third quarter. Wells Fargo & Company MN now owns 60,448 shares of the real estate investment trust’s stock worth $1,289,000 after buying an additional 18,027 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Chatham Lodging Trust (REIT) in the third quarter worth $112,000. JPMorgan Chase & Co. lifted its stake in shares of Chatham Lodging Trust (REIT) by 305.4% in the third quarter. JPMorgan Chase & Co. now owns 771,332 shares of the real estate investment trust’s stock worth $16,444,000 after buying an additional 581,076 shares during the last quarter. Legal & General Group Plc raised its stake in Chatham Lodging Trust (REIT) by 10.8% during the 3rd quarter. Legal & General Group Plc now owns 169,367 shares of the real estate investment trust’s stock valued at $3,611,000 after purchasing an additional 16,526 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Chatham Lodging Trust (REIT) by 61.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 13,400 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 5,100 shares during the last quarter. Institutional investors and hedge funds own 76.69% of the company’s stock.

Chatham Lodging Trust (REIT) Company Profile

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

Analyst Recommendations for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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