Chatham Lodging Trust (NYSE:CLDT) Price Target Cut to $12.00 by Analysts at Barclays

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) had its price objective cut by equities researchers at Barclays from $13.00 to $12.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Barclays's price objective suggests a potential upside of 31.08% from the stock's current price.

Chatham Lodging Trust Trading Down 2.1 %

Shares of NYSE CLDT traded down $0.20 during midday trading on Wednesday, reaching $9.16. The stock had a trading volume of 400,567 shares, compared to its average volume of 215,344. The firm has a market cap of $447.68 million, a price-to-earnings ratio of -83.23 and a beta of 1.74. Chatham Lodging Trust has a twelve month low of $8.92 and a twelve month high of $11.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.08 and a current ratio of 3.08. The company's 50 day moving average price is $10.12 and its 200 day moving average price is $10.18.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.38). The company had revenue of $72.28 million during the quarter, compared to the consensus estimate of $70.46 million. Chatham Lodging Trust had a net margin of 0.85% and a return on equity of 0.33%. During the same quarter in the prior year, the firm earned $0.20 EPS. As a group, sell-side analysts expect that Chatham Lodging Trust will post 1.15 EPS for the current year.

Institutional Trading of Chatham Lodging Trust

Several institutional investors have recently made changes to their positions in CLDT. LSV Asset Management boosted its holdings in shares of Chatham Lodging Trust by 3.4% in the 3rd quarter. LSV Asset Management now owns 158,162 shares of the real estate investment trust's stock worth $1,514,000 after buying an additional 5,162 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Chatham Lodging Trust by 5.9% during the third quarter. Public Employees Retirement System of Ohio now owns 94,910 shares of the real estate investment trust's stock valued at $908,000 after purchasing an additional 5,282 shares during the last quarter. Belpointe Asset Management LLC increased its position in shares of Chatham Lodging Trust by 12.1% during the third quarter. Belpointe Asset Management LLC now owns 32,694 shares of the real estate investment trust's stock valued at $313,000 after buying an additional 3,526 shares during the period. Vanguard Group Inc. increased its position in shares of Chatham Lodging Trust by 0.4% during the third quarter. Vanguard Group Inc. now owns 5,779,061 shares of the real estate investment trust's stock valued at $55,306,000 after buying an additional 21,758 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Chatham Lodging Trust by 3.4% during the third quarter. Asset Management One Co. Ltd. now owns 82,380 shares of the real estate investment trust's stock valued at $788,000 after buying an additional 2,716 shares during the period. 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.