Chatham Lodging Trust (NYSE:CLDT) Upgraded at Zacks Research

Zacks Research upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a strong sell rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Chatham Lodging Trust in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chatham Lodging Trust has a consensus rating of “Hold” and a consensus target price of $9.50.

Chatham Lodging Trust Trading Down 1.1%

CLDT opened at $7.45 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.18. Chatham Lodging Trust has a 1-year low of $5.83 and a 1-year high of $8.47. The company has a fifty day moving average price of $7.11 and a two-hundred day moving average price of $6.93. The company has a market cap of $361.47 million, a P/E ratio of 745.00 and a beta of 1.14.

Chatham Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Wednesday, December 31st. Chatham Lodging Trust’s payout ratio is presently 3,600.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Chatham Lodging Trust by 195.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 3,858 shares during the last quarter. Advisory Services Network LLC bought a new position in Chatham Lodging Trust in the 3rd quarter worth approximately $52,000. Quarry LP grew its stake in Chatham Lodging Trust by 61.9% in the 3rd quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 3,300 shares in the last quarter. Strs Ohio bought a new stake in Chatham Lodging Trust during the 1st quarter valued at $61,000. Finally, Acadian Asset Management LLC bought a new stake in Chatham Lodging Trust during the 1st quarter valued at $62,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

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.