Chatham Lodging Trust (NYSE:CLDT – Get Rating) is scheduled to release its earnings data before the market opens on Tuesday, November 8th. Analysts expect Chatham Lodging Trust to post earnings of $0.42 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Chatham Lodging Trust Stock Down 0.1 %
NYSE:CLDT opened at $12.97 on Tuesday. The company has a market cap of $633.03 million, a PE ratio of -30.88 and a beta of 1.72. Chatham Lodging Trust has a twelve month low of $9.59 and a twelve month high of $15.12. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $11.73 and its two-hundred day moving average is $12.08.
Institutional Trading of Chatham Lodging Trust
Several large investors have recently made changes to their positions in CLDT. Lazard Asset Management LLC purchased a new stake in shares of Chatham Lodging Trust in the 1st quarter valued at $29,000. Captrust Financial Advisors purchased a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at $51,000. PNC Financial Services Group Inc. lifted its stake in shares of Chatham Lodging Trust by 57.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,525 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 3,111 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at $142,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Chatham Lodging Trust in the 1st quarter valued at $199,000. 87.82% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have weighed in on CLDT. Barclays boosted their target price on shares of Chatham Lodging Trust to $16.00 in a research report on Thursday, October 27th. B. Riley reissued a “buy” rating on shares of Chatham Lodging Trust in a research report on Monday, August 8th. Finally, StockNews.com began coverage on shares of Chatham Lodging Trust in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Chatham Lodging Trust presently has an average rating of “Moderate Buy” and an average price target of $17.17.
About Chatham Lodging Trust
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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