Chatham Lodging Trust (NYSE:CLDT) PT Set at $20.00 by B. Riley

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.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.29). The firm had revenue of $75.68 million for the quarter, compared to analyst estimates of $73.69 million. Chatham Lodging Trust had a return on equity of 3.64% and a net margin of 8.92%. On average, sell-side analysts predict that Chatham Lodging Trust will post 1.81 earnings per share for the current year.

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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