Chatham Lodging Trust (NYSE:CLDT) Stock Moved Up to “Strong-Buy” by Zacks Research

Zacks Research upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a hold rating to a strong-buy rating in a research note released on Monday morning,Zacks reports.

Several other research analysts have also recently issued reports on the stock. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Morgan Stanley downgraded shares of Chatham Lodging Trust to an “outperform” rating in a research report on Friday, October 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.50 price objective (up from $15.00) on shares of Chatham Lodging Trust in a report on Friday, October 16th. Weiss Ratings raised Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Chatham Lodging Trust currently has an average rating of “Moderate Buy” and a consensus target price of $13.75.

Chatham Lodging Trust Stock Up 2.4%

Shares of NYSE CLDT opened at $14.52 on Monday. The stock has a fifty day moving average price of $13.47 and a 200 day moving average price of $10.78. Chatham Lodging Trust has a 1-year low of $6.08 and a 1-year high of $14.73.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating 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 has set its FY 2026 guidance at 1.280-1.340 EPS. As a group, sell-side analysts expect that Chatham Lodging Trust will post 1.35 EPS for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in shares of Chatham Lodging Trust by 102.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 938 shares during the period. GAMMA Investing LLC boosted its stake in shares of Chatham Lodging Trust by 146.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,389 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $34,000. PNC Financial Services Group Inc. grew its holdings in shares of Chatham Lodging Trust by 1,071.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 6,084 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $60,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.