Chatham Lodging Trust (NYSE:CLDT) Stock Rating Upgraded by Weiss Ratings

Key Points

• Chatham Lodging Trust's stock rating was upgraded by Weiss Ratings from "sell (d+)" to "hold (c-)", indicating a more favorable outlook for the company.
• The company reported earnings per share (EPS) of $0.36 for its last quarter, surpassing analyst expectations of $0.34, with revenues of $80.29 million.
• Chatham Lodging Trust is a publicly traded real estate investment trust that primarily invests in upscale, extended-stay hotels, holding a total of 39 hotels across 16 states and the District of Columbia.

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

Chatham Lodging Trust Stock Performance

CLDT stock traded up $0.03 on Friday, hitting $6.57. The company had a trading volume of 322,723 shares, compared to its average volume of 323,039. Chatham Lodging Trust has a 12-month low of $5.83 and a 12-month high of $10.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock's 50-day simple moving average is $6.96 and its 200 day simple moving average is $7.01. The stock has a market cap of $321.80 million, a price-to-earnings ratio of 219.00 and a beta of 1.44.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $80.29 million during the quarter, compared to analyst estimates of $79.67 million. As a group, equities research analysts expect that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Institutional Trading of Chatham Lodging Trust

Several hedge funds and other institutional investors have recently bought and sold shares of CLDT. Tower Research Capital LLC TRC boosted its position in Chatham Lodging Trust by 195.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 3,858 shares in the last quarter. State of Wyoming bought a new stake in Chatham Lodging Trust during the 1st quarter valued at $47,000. Strs Ohio bought a new stake in Chatham Lodging Trust during the 1st quarter valued at $61,000. Acadian Asset Management LLC purchased a new stake in shares of Chatham Lodging Trust during the first quarter valued at about $62,000. Finally, Quarry LP lifted its position in shares of 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 valued at $74,000 after buying an additional 2,854 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.