Chatham Lodging Trust (NYSE:CLDT – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
A number of other equities research analysts also recently issued reports on CLDT. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Zacks Research cut Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. BMO Capital Markets reiterated a “market perform” rating and set a $12.00 target price on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Stifel Nicolaus boosted their price target on Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.00.
Read Our Latest Research Report on CLDT
Chatham Lodging Trust Price Performance
Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last announced 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 net margin of 4.00% and a return on equity of 1.56%. The company had revenue of $87.80 million during the quarter, compared to analyst estimates of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Equities research analysts expect that Chatham Lodging Trust will post 1.33 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Intech Investment Management LLC grew its stake in Chatham Lodging Trust by 9.1% during the third quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 2,017 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Chatham Lodging Trust by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust’s stock valued at $4,190,000 after purchasing an additional 2,496 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Chatham Lodging Trust by 8.4% during the 2nd quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 2,642 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of Chatham Lodging Trust by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock valued at $5,479,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Chatham Lodging Trust by 5.3% in the fourth quarter. Russell Investments Group Ltd. now owns 63,786 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 3,186 shares during the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.
Chatham Lodging Trust Company Profile
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.
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