Chatham Lodging Trust (NYSE:CLDT) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Chatham Lodging Trust (NYSE:CLDT – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

CLDT has been the subject of a number of other research reports. Oppenheimer cut their price target on shares of Chatham Lodging Trust from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, February 28th. B. Riley cut their price target on shares of Chatham Lodging Trust from $16.00 to $15.00 in a research note on Monday, May 8th.

Chatham Lodging Trust Stock Up 1.5 %

Chatham Lodging Trust stock opened at $9.99 on Thursday. The company has a market cap of $488.11 million, a P/E ratio of 71.36 and a beta of 1.80. Chatham Lodging Trust has a 1-year low of $9.34 and a 1-year high of $14.38. The company has a fifty day simple moving average of $10.22 and a 200 day simple moving average of $11.95. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49.

Insider Transactions at Chatham Lodging Trust

In related news, CEO Jeffrey H. Fisher bought 10,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was bought at an average price of $10.28 per share, for a total transaction of $102,800.00. Following the purchase, the chief executive officer now owns 611,545 shares in the company, valued at approximately $6,286,682.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Chatham Lodging Trust

A number of hedge funds have recently modified their holdings of the stock. Foundry Partners LLC raised its stake in Chatham Lodging Trust by 10.5% in the 4th quarter. Foundry Partners LLC now owns 295,805 shares of the real estate investment trust’s stock worth $3,630,000 after purchasing an additional 28,075 shares in the last quarter. Prudential Financial Inc. raised its stake in Chatham Lodging Trust by 48.7% in the 3rd quarter. Prudential Financial Inc. now owns 291,702 shares of the real estate investment trust’s stock worth $2,879,000 after purchasing an additional 95,565 shares in the last quarter. New York State Teachers Retirement System raised its stake in Chatham Lodging Trust by 14.4% in the 3rd quarter. New York State Teachers Retirement System now owns 77,196 shares of the real estate investment trust’s stock worth $762,000 after purchasing an additional 9,700 shares in the last quarter. Algert Global LLC raised its stake in Chatham Lodging Trust by 179.6% in the 3rd quarter. Algert Global LLC now owns 177,115 shares of the real estate investment trust’s stock worth $1,748,000 after purchasing an additional 113,758 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Chatham Lodging Trust by 38.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 125,696 shares of the real estate investment trust’s stock worth $1,241,000 after purchasing an additional 35,089 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Chatham Lodging Trust Company Profile

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Chatham Lodging Trust engages in the acquisition and investment in hotel properties. It focuses on the upscale extended-stay and premium branded select-service hotels. The firm’s management evaluates the company’s hotels as a single industry segment because all of the hotels have similar economic characteristics and provide similar services to similar types of customers.