Chatham Lodging Trust (NYSE:CLDT) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Chatham Lodging Trust from “strong buy” to “hold.” The broader analyst consensus is also “hold,” with a $13.00 average price target.
• CLDT shares opened at $12.89, up 1.7%, while the stock has traded between $6.08 and $13.88 over the past year. Its market capitalization is approximately $601.75 million.
• Chatham exceeded quarterly expectations, reporting $0.13 in EPS versus a $0.11 consensus estimate and $87.8 million in revenue versus $82.01 million expected. Institutional investors own 88.37% of the company’s shares.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

CLDT has been the topic of several other reports. Stifel Nicolaus increased their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Alliance Global Partners reaffirmed a "buy" rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $12.00 price target on shares of Chatham Lodging Trust in a report on Friday, June 12th. Finally, Weiss Ratings upgraded Chatham Lodging Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Chatham Lodging Trust presently has an average rating of "Hold" and a consensus price target of $13.00.

Chatham Lodging Trust Stock Up 1.7%

Shares of CLDT opened at $12.89 on Wednesday. Chatham Lodging Trust has a 52 week low of $6.08 and a 52 week high of $13.88. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $601.75 million, a price-to-earnings ratio of 161.16 and a beta of 1.08. The stock's 50-day moving average price is $13.01 and its 200-day moving average price is $10.08.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%.The business had revenue of $87.80 million for the quarter, compared to analyst estimates of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, sell-side analysts predict that Chatham Lodging Trust will post 1.33 EPS for the current year.

Institutional Trading of Chatham Lodging Trust

Large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Chatham Lodging Trust in the 2nd quarter worth approximately $590,000. Globeflex Capital L P purchased a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $530,000. Quantbot Technologies LP purchased a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $69,000. Ieq Capital LLC acquired a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $1,483,000. Finally, Donald Smith & CO. Inc. acquired a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $52,587,000. Hedge funds and other institutional investors own 88.37% of the company's stock.

About Chatham Lodging Trust

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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