StockNews.com Upgrades Chatham Lodging Trust (NYSE:CLDT) to Hold

Chatham Lodging Trust (NYSE:CLDT) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, Barclays reduced their price target on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th.

Chatham Lodging Trust Stock Performance

Chatham Lodging Trust stock opened at $8.66 on Thursday. The stock’s 50 day moving average price is $8.59 and its 200 day moving average price is $9.65. The firm has a market capitalization of $423.56 million, a PE ratio of -72.17 and a beta of 1.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.25 and a current ratio of 3.25. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $11.32.

Insiders Place Their Bets

In other Chatham Lodging Trust news, COO Dennis M. Craven acquired 12,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $7.88 per share, for a total transaction of $94,560.00. Following the acquisition, the chief operating officer now directly owns 110,943 shares of the company’s stock, valued at $874,230.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of institutional investors have recently made changes to their positions in CLDT. Donald Smith & CO. Inc. increased its holdings in shares of Chatham Lodging Trust by 18.0% in the 1st quarter. Donald Smith & CO. Inc. now owns 2,123,549 shares of the real estate investment trust’s stock valued at $21,469,000 after acquiring an additional 324,475 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Chatham Lodging Trust by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 776,939 shares of the real estate investment trust’s stock valued at $8,329,000 after acquiring an additional 56,937 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Chatham Lodging Trust by 15.1% during the 1st quarter. Russell Investments Group Ltd. now owns 219,715 shares of the real estate investment trust’s stock valued at $2,221,000 after purchasing an additional 28,884 shares during the period. Louisiana State Employees Retirement System acquired a new position in Chatham Lodging Trust during the 4th quarter valued at approximately $262,000. Finally, Vanguard Group Inc. boosted its position in Chatham Lodging Trust by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,779,061 shares of the real estate investment trust’s stock valued at $55,306,000 after purchasing an additional 21,758 shares during the period. 88.37% of the stock is currently owned by institutional investors.

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.