Chatham Lodging Trust (NYSE:CLDT) has been assigned a $20.00 price objective by equities research analysts at B. Riley in a research note issued to investors on Wednesday, TipRanks reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s price target points to a potential upside of 15.01% from the stock’s current price.
Separately, Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 3rd.
Chatham Lodging Trust stock traded up $0.03 during trading hours on Wednesday, reaching $17.39. 321,056 shares of the stock were exchanged, compared to its average volume of 238,981. The company has a market cap of $808.28 million, a P/E ratio of 8.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.25 and a current ratio of 1.25. Chatham Lodging Trust has a twelve month low of $17.09 and a twelve month high of $22.03. The stock has a 50 day moving average price of $18.76.
Several institutional investors and hedge funds have recently bought and sold shares of CLDT. First Trust Advisors LP acquired a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at approximately $1,605,000. Deutsche Bank AG boosted its stake in shares of Chatham Lodging Trust by 72.8% in the 4th quarter. Deutsche Bank AG now owns 164,952 shares of the real estate investment trust’s stock valued at $2,913,000 after purchasing an additional 69,484 shares in the last quarter. LSV Asset Management boosted its stake in shares of Chatham Lodging Trust by 6.5% in the 1st quarter. LSV Asset Management now owns 964,367 shares of the real estate investment trust’s stock valued at $18,554,000 after purchasing an additional 58,900 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Chatham Lodging Trust by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 622,074 shares of the real estate investment trust’s stock valued at $10,998,000 after purchasing an additional 47,550 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of Chatham Lodging Trust by 14.4% in the 2nd quarter. Systematic Financial Management LP now owns 282,590 shares of the real estate investment trust’s stock valued at $5,332,000 after purchasing an additional 35,590 shares in the last quarter. Institutional investors own 84.91% of the company’s stock.
About Chatham Lodging Trust
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. The company owns interests in 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,500 rooms/suites.
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