Chatham Lodging Trust (NYSE:CLDT - Get Free Report) had its target price dropped by investment analysts at Stifel Nicolaus from $11.00 to $9.50 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Stifel Nicolaus' price objective indicates a potential upside of 40.12% from the company's current price.
Separately, StockNews.com downgraded shares of Chatham Lodging Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th.
Check Out Our Latest Report on CLDT
Chatham Lodging Trust Stock Performance
Shares of NYSE CLDT traded down $0.03 during midday trading on Wednesday, hitting $6.78. 101,540 shares of the company's stock were exchanged, compared to its average volume of 415,330. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $332.10 million, a PE ratio of -29.48 and a beta of 1.49. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $10.00. The company's 50 day moving average price is $7.51 and its 200 day moving average price is $8.38.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLDT. Donald Smith & CO. Inc. grew its position in shares of Chatham Lodging Trust by 30.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,497,679 shares of the real estate investment trust's stock worth $40,254,000 after purchasing an additional 1,055,999 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Chatham Lodging Trust during the fourth quarter worth approximately $5,738,000. JPMorgan Chase & Co. increased its stake in Chatham Lodging Trust by 53.4% during the 4th quarter. JPMorgan Chase & Co. now owns 970,392 shares of the real estate investment trust's stock worth $8,685,000 after acquiring an additional 337,842 shares during the period. Thrivent Financial for Lutherans acquired a new position in Chatham Lodging Trust in the 4th quarter valued at $1,273,000. Finally, Barclays PLC lifted its position in shares of Chatham Lodging Trust by 76.1% during the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust's stock valued at $2,404,000 after acquiring an additional 121,920 shares during the period. 88.37% of the stock is owned by institutional investors and hedge funds.
About Chatham Lodging Trust
(
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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.
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