Analysts Set Chatham Lodging Trust (NYSE:CLDT) Target Price at $16.50

Chatham Lodging Trust (NYSE:CLDTGet Rating) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.50.

Several analysts have recently issued reports on the stock. Oppenheimer assumed coverage on shares of Chatham Lodging Trust in a research report on Thursday, April 21st. They issued an “outperform” rating and a $19.00 price target on the stock. StockNews.com raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Zacks Investment Research lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, TheStreet raised shares of Chatham Lodging Trust from a “d+” rating to a “c-” rating in a research note on Monday, April 18th.

A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in Chatham Lodging Trust by 66.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 237,241 shares of the real estate investment trust’s stock worth $3,271,000 after buying an additional 94,895 shares in the last quarter. State Street Corp grew its stake in Chatham Lodging Trust by 3.3% in the 1st quarter. State Street Corp now owns 2,364,637 shares of the real estate investment trust’s stock worth $32,608,000 after buying an additional 74,600 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Chatham Lodging Trust in the 1st quarter worth approximately $199,000. Wexford Capital LP purchased a new position in Chatham Lodging Trust in the 1st quarter worth approximately $262,000. Finally, Lazard Asset Management LLC purchased a new position in Chatham Lodging Trust in the 1st quarter worth approximately $29,000. 84.83% of the stock is owned by institutional investors.

NYSE CLDT opened at $12.15 on Friday. Chatham Lodging Trust has a 52-week low of $11.00 and a 52-week high of $15.12. The company has a 50-day simple moving average of $13.53 and a 200 day simple moving average of $13.44. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $593.04 million, a PE ratio of -16.20 and a beta of 1.71.

Chatham Lodging Trust (NYSE:CLDTGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). Chatham Lodging Trust had a negative return on equity of 3.73% and a negative net margin of 13.46%. During the same quarter in the previous year, the company posted ($0.15) EPS. As a group, analysts forecast that Chatham Lodging Trust will post 1.05 EPS for the current fiscal year.

About Chatham Lodging Trust (Get Rating)

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. At September, 30, 2020, The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint ventures that owns 46 hotels with an aggregate of 5,948 rooms/suites.

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