Edwin B. Brewer, Jr. Buys 10,000 Shares of Chatham Lodging Trust (NYSE:CLDT) Stock

Chatham Lodging Trust (NYSE:CLDT – Get Rating) Director Edwin B. Brewer, Jr. bought 10,000 shares of Chatham Lodging Trust stock in a transaction dated Wednesday, May 18th. The stock was acquired at an average cost of $21.25 per share, for a total transaction of $212,500.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $212,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chatham Lodging Trust stock traded down $0.21 during midday trading on Wednesday, hitting $12.56. 341,951 shares of the stock were exchanged, compared to its average volume of 332,635. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $612.99 million, a PE ratio of -16.87 and a beta of 1.71. The company has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $13.44. Chatham Lodging Trust has a 52 week low of $11.00 and a 52 week high of $15.12.

Chatham Lodging Trust (NYSE:CLDT – Get Rating) last announced its earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.23) EPS for the quarter, missing the consensus estimate 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 last year, the company earned ($0.15) EPS. As a group, equities research analysts anticipate that Chatham Lodging Trust will post 1.05 EPS for the current fiscal year.

CLDT has been the topic of several recent research reports. StockNews.com raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Zacks Investment Research lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. TheStreet raised shares of Chatham Lodging Trust from a “d+” rating to a “c-” rating in a research note on Monday, April 18th. Finally, Oppenheimer began coverage on shares of Chatham Lodging Trust in a research note on Thursday, April 21st. They set an “outperform” rating and a $19.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Chatham Lodging Trust currently has an average rating of “Buy” and a consensus target price of $16.40.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Chatham Lodging Trust by 0.9% during the 1st quarter. BlackRock Inc. now owns 8,156,664 shares of the real estate investment trust’s stock worth $112,480,000 after buying an additional 74,187 shares during the period. Vanguard Group Inc. raised its holdings in Chatham Lodging Trust by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,867,191 shares of the real estate investment trust’s stock worth $80,909,000 after buying an additional 59,438 shares during the period. JPMorgan Chase & Co. raised its holdings in Chatham Lodging Trust by 241.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,880,145 shares of the real estate investment trust’s stock worth $53,236,000 after buying an additional 2,744,473 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Chatham Lodging Trust by 0.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,353,306 shares of the real estate investment trust’s stock worth $46,242,000 after buying an additional 23,310 shares during the period. Finally, State Street Corp raised its holdings in Chatham Lodging Trust by 3.3% during 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 during the period. Hedge funds and other institutional investors own 84.83% of the company’s stock.

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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