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

Chatham Lodging Trust (NYSE:CLDT) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Chatham Lodging Trust in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.50.

Chatham Lodging Trust Price Performance

Shares of CLDT stock opened at $7.55 on Tuesday. The firm has a market cap of $366.08 million, a price-to-earnings ratio of 754.50 and a beta of 1.14. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $8.47. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $7.10 and a 200 day moving average price of $6.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Peapod Lane Capital LLC raised its holdings in shares of Chatham Lodging Trust by 72.1% during the second quarter. Peapod Lane Capital LLC now owns 320,641 shares of the real estate investment trust’s stock worth $2,235,000 after acquiring an additional 134,285 shares during the period. CWM LLC increased its holdings in Chatham Lodging Trust by 4,925.3% during the 2nd quarter. CWM LLC now owns 22,061 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 21,622 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Chatham Lodging Trust by 1,617.3% in the 3rd quarter. AlphaQuest LLC now owns 84,576 shares of the real estate investment trust’s stock valued at $568,000 after purchasing an additional 79,651 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at about $1,131,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Chatham Lodging Trust in the second quarter valued at about $78,000. 88.37% of the stock is currently owned by 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.