Chatham Lodging Trust (NYSE:CLDT – Get 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.
Chatham Lodging Trust (NYSE:CLDT – Get 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.
- Get a free copy of the StockNews.com research report on Chatham Lodging Trust (CLDT)
- VMWare Inc: Strong Revenues and Excellent Potential
- Etsy Buy!: Why Etsy Stock is Making a Crafty Comeback
- FIGS, Inc Moves Lower On Analysts’ Downgrades
- MarketBeat Podcast: Trading Volatile Markets While Preserving Capital
- Option Care Health Stock is Making a Healthy Pullback
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.