Chatham Lodging Trust (NYSE:CLDT) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded Chatham Lodging Trust (NYSE: CLDT) from “hold” to “buy,” while the broader analyst consensus remains “Hold” with an average price target of $13.00.
• CLDT reported quarterly earnings of $0.13 per share, exceeding the $0.11 consensus estimate, and posted revenue of $87.8 million versus expectations of $82.01 million.
• Shares opened at $12.98, near their 50-day moving average of $13.04, while institutional investors hold 88.37% of the stock; the company owns 39 hotels with 5,915 rooms across 16 states and Washington, D.C.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other equities analysts also recently weighed in on CLDT. Weiss Ratings upgraded Chatham Lodging Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $12.00 price objective on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Stifel Nicolaus lifted their price objective on Chatham Lodging Trust from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Zacks Research downgraded Chatham Lodging Trust from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, Alliance Global Partners reissued a "buy" rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.00.

Chatham Lodging Trust Stock Performance

Shares of NYSE CLDT opened at $12.98 on Friday. The firm has a 50 day moving average of $13.04 and a 200 day moving average of $10.10. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $605.91 million, a price-to-earnings ratio of 162.27 and a beta of 1.08. Chatham Lodging Trust has a 12-month low of $6.08 and a 12-month high of $13.88.

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

Hedge Funds Weigh In On Chatham Lodging Trust

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Chatham Lodging Trust during the second quarter worth about $118,707,000. Donald Smith & CO. Inc. bought a new position in Chatham Lodging Trust in the 2nd quarter worth approximately $52,587,000. Sculptor Capital LP bought a new position in Chatham Lodging Trust in the 2nd quarter worth approximately $14,901,000. Aegis Financial Corp purchased a new stake in Chatham Lodging Trust during the 4th quarter valued at approximately $4,621,000. Finally, Ameriprise Financial Inc. grew its holdings in Chatham Lodging Trust by 413.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust's stock valued at $5,464,000 after buying an additional 655,265 shares in the last quarter. Institutional investors own 88.37% of the company's stock.

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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