Bank of New York Mellon Corp Invests $2.95 Million in Chatham Lodging Trust (REIT) $CLDT

Key Points

• Bank of New York Mellon acquired 223,181 shares of Chatham Lodging Trust, valued at approximately $2.95 million, giving it a 0.48% stake. Institutional investors collectively own 88.37% of the REIT.
• Analysts maintain a generally cautious outlook, with two Buy ratings and three Hold ratings. The average price target is $13.00, although Stifel raised its target to $14.00.
• Chatham reported quarterly EPS of $0.13, exceeding the $0.11 consensus estimate, while revenue of $87.8 million also surpassed expectations. Shares opened at $13.08, near their 52-week high of $13.89.

Bank of New York Mellon Corp acquired a new stake in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 223,181 shares of the real estate investment trust's stock, valued at approximately $2,953,000. Bank of New York Mellon Corp owned approximately 0.48% of Chatham Lodging Trust at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Chatham Lodging Trust by 195.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 3,858 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Chatham Lodging Trust by 1,071.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 6,084 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Chatham Lodging Trust in the third quarter worth $52,000. Quarry LP increased its holdings in shares of Chatham Lodging Trust by 61.9% in the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 3,300 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Chatham Lodging Trust in the first quarter worth $61,000. Hedge funds and other institutional investors own 88.37% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CLDT. 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 note on Tuesday, July 14th. Alliance Global Partners restated a "buy" rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Weiss Ratings raised Chatham Lodging Trust from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. BMO Capital Markets reiterated a "market perform" rating and set a $12.00 price target on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Finally, Zacks Research lowered Chatham Lodging Trust from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $13.00.

Chatham Lodging Trust Stock Performance

NYSE CLDT opened at $13.08 on Monday. Chatham Lodging Trust has a 52-week low of $6.08 and a 52-week high of $13.89. The company has a fifty day moving average of $13.16 and a 200-day moving average of $10.75. The company has a market capitalization of $610.57 million, a P/E ratio of 163.52 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72.

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

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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