Chatham Lodging Trust (NYSE:CLDT) Cut to “Strong Sell” at Zacks Research

Chatham Lodging Trust (NYSE:CLDT) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Chatham Lodging Trust in a research report on Monday. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Chatham Lodging Trust has a consensus rating of “Hold” and a consensus target price of $9.50.

Chatham Lodging Trust Price Performance

Shares of NYSE:CLDT opened at $6.88 on Wednesday. The stock has a market capitalization of $334.01 million, a P/E ratio of 688.40 and a beta of 1.12. The business has a 50-day moving average of $6.69 and a two-hundred day moving average of $6.92. Chatham Lodging Trust has a fifty-two week low of $5.83 and a fifty-two week high of $9.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.81 and a quick ratio of 0.81.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Chatham Lodging Trust had a return on equity of 1.11% and a net margin of 2.89%.The business had revenue of $78.41 million for the quarter, compared to the consensus estimate of $79.68 million. Chatham Lodging Trust has set its FY 2025 guidance at 0.960-0.990 EPS and its Q4 2025 guidance at 0.140-0.17 EPS. On average, equities research analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CLDT. Tower Research Capital LLC TRC raised its stake 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 purchasing an additional 3,858 shares during the last quarter. State of Wyoming bought a new position in shares of Chatham Lodging Trust during the 1st quarter worth about $47,000. Advisory Services Network LLC bought a new position in shares of Chatham Lodging Trust during the 3rd quarter worth about $52,000. Strs Ohio acquired a new position in shares of Chatham Lodging Trust during the first quarter valued at about $61,000. Finally, Quarry LP lifted its stake 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 valued at $58,000 after buying an additional 3,300 shares during the period. 88.37% of the stock is currently owned by institutional investors and hedge funds.

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.