Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT – Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.14 and traded as high as $13.50. Chatham Lodging Trust shares last traded at $13.44, with a volume of 444,537 shares trading hands.
Analysts Set New Price Targets
CLDT has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Stifel Nicolaus raised their price objective on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 target price on shares of Chatham Lodging Trust in a report on Friday, June 12th. Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research note on Friday, May 8th. Finally, Zacks Research raised Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.
Check Out Our Latest Research Report on Chatham Lodging Trust
Chatham Lodging Trust Trading Down 2.3%
Chatham Lodging Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Chatham Lodging Trust’s dividend payout ratio is currently 2,000.00%.
Hedge Funds Weigh In On Chatham Lodging Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC boosted its stake in shares of Chatham Lodging Trust by 9.1% in 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 purchasing an additional 2,017 shares during the period. Dimensional Fund Advisors LP increased its stake in 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 worth $4,190,000 after buying an additional 2,496 shares during the period. Franklin Resources Inc. lifted its holdings in Chatham Lodging Trust by 8.4% in the 2nd quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 2,642 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in Chatham Lodging Trust by 0.4% in the 4th quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock worth $5,479,000 after buying an additional 2,894 shares in the last quarter. Finally, Diversified Trust Co. boosted its position in Chatham Lodging Trust by 18.6% in the 4th quarter. Diversified Trust Co. now owns 18,861 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 2,952 shares during 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.
See Also
- Five stocks we like better than Chatham Lodging Trust
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.
