Chatham Lodging Trust (NYSE:CLDT) Rating Lowered to "Sell (D+)" at Weiss Ratings

Key Points

• Chatham Lodging Trust has been downgraded by Weiss Ratings from a "hold (C-)" to a "sell (D+)" rating.
• The company's stock price decreased by 0.2%, closing at $6.42, with a market cap of $314.45 million.
• Chatham Lodging Trust reported a quarterly earnings per share (EPS) of $0.36, exceeding analysts' expectations of $0.34 and generating revenue of $80.29 million.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was downgraded by analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a research note issued to investors on Wednesday,Weiss Ratings reports.

Chatham Lodging Trust Stock Down 0.2%

NYSE:CLDT traded down $0.01 on Wednesday, hitting $6.42. 307,366 shares of the company's stock traded hands, compared to its average volume of 324,856. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. Chatham Lodging Trust has a 1 year low of $5.83 and a 1 year high of $10.00. The firm has a 50-day moving average price of $7.08 and a 200-day moving average price of $7.05. The company has a market cap of $314.45 million, a PE ratio of 214.00 and a beta of 1.44.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Chatham Lodging Trust had a return on equity of 1.19% and a net margin of 3.04%.The company had revenue of $80.29 million during the quarter, compared to analyst estimates of $79.67 million. Equities analysts anticipate that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Institutional Trading of Chatham Lodging Trust

Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Chatham Lodging Trust by 2.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,604 shares of the real estate investment trust's stock valued at $425,000 after buying an additional 1,489 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in Chatham Lodging Trust by 8.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 21,356 shares of the real estate investment trust's stock worth $154,000 after purchasing an additional 1,698 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Chatham Lodging Trust by 8.5% during the first quarter. MetLife Investment Management LLC now owns 28,318 shares of the real estate investment trust's stock worth $202,000 after purchasing an additional 2,226 shares during the last quarter. Franklin Resources Inc. lifted its stake in Chatham Lodging Trust by 8.4% during the second quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 2,642 shares during the last quarter. Finally, Quarry LP lifted its stake in Chatham Lodging Trust by 38.1% during the first quarter. Quarry LP now owns 10,341 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 2,854 shares during the last quarter. 88.37% of the stock is owned by hedge funds and other institutional investors.

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.

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