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Chatham Lodging Trust (NYSE:CLDT) Receives Average Rating of "Hold" from Analysts

Last updated on Sunday, November 22, 2020 | 2020 MarketBeat

Chatham Lodging Trust (NYSE:CLDT) has been assigned a consensus recommendation of "Hold" from the seven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.25.

Several research analysts have commented on CLDT shares. Zacks Investment Research lowered shares of Chatham Lodging Trust from a "hold" rating to a "sell" rating in a report on Friday, October 30th. BMO Capital Markets restated a "hold" rating and issued a $7.00 price objective on shares of Chatham Lodging Trust in a report on Wednesday, August 5th. Finally, ValuEngine raised shares of Chatham Lodging Trust from a "hold" rating to a "buy" rating in a research report on Monday, November 2nd.

Shares of NYSE CLDT opened at $10.76 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.95. Chatham Lodging Trust has a 12 month low of $3.44 and a 12 month high of $18.54. The firm has a market capitalization of $505.42 million, a PE ratio of -6.77 and a beta of 1.80. The firm has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $7.01.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.38) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.09) by ($0.29). Chatham Lodging Trust had a negative return on equity of 10.16% and a negative net margin of 39.04%. On average, sell-side analysts predict that Chatham Lodging Trust will post -0.31 earnings per share for the current year.

In other news, CEO Jeffrey H. Fisher acquired 25,000 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The shares were bought at an average cost of $7.95 per share, with a total value of $198,750.00. Following the transaction, the chief executive officer now owns 691,545 shares of the company's stock, valued at approximately $5,497,782.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey H. Fisher acquired 45,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $7.62 per share, for a total transaction of $342,900.00. Following the completion of the transaction, the chief executive officer now directly owns 691,545 shares in the company, valued at approximately $5,269,572.90. The disclosure for this purchase can be found here. Insiders bought a total of 155,000 shares of company stock worth $1,202,350 over the last ninety days. Insiders own 4.20% of the company's stock.

A number of hedge funds have recently made changes to their positions in CLDT. PNC Financial Services Group Inc. grew its position in Chatham Lodging Trust by 370.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,066 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 3,201 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Chatham Lodging Trust by 681.8% in the second quarter. Bank of Montreal Can now owns 4,652 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 4,057 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at approximately $42,000. Ensign Peak Advisors Inc bought a new position in Chatham Lodging Trust during the second quarter valued at approximately $83,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Chatham Lodging Trust by 30.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,233 shares of the real estate investment trust's stock worth $87,000 after purchasing an additional 3,293 shares during the last quarter. 72.97% of the stock is currently owned by institutional investors.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. At September, 30, 2020, The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint ventures that owns 46 hotels with an aggregate of 5,948 rooms/suites.

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