Chatham Lodging Trust (NYSE:CLDT) Upgraded at StockNews.com

StockNews.com upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a hold rating to a buy rating in a research note published on Tuesday morning.

Separately, Alliance Global Partners initiated coverage on shares of Chatham Lodging Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $12.00 price objective on the stock.

Chatham Lodging Trust Trading Down 1.2 %

NYSE CLDT opened at $7.63 on Tuesday. Chatham Lodging Trust has a twelve month low of $7.46 and a twelve month high of $10.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $373.43 million, a price-to-earnings ratio of -33.15 and a beta of 1.82. The firm’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $8.64.

Chatham Lodging Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio is currently -450.00%.

Hedge Funds Weigh In On Chatham Lodging Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Chatham Lodging Trust by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,564 shares of the real estate investment trust’s stock valued at $247,000 after acquiring an additional 1,216 shares in the last quarter. Quarry LP grew its holdings in shares of Chatham Lodging Trust by 23.5% during the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,423 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Chatham Lodging Trust by 2.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 63,600 shares of the real estate investment trust’s stock valued at $569,000 after acquiring an additional 1,700 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Chatham Lodging Trust by 7.2% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 34,608 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 2,338 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Chatham Lodging Trust during the 4th quarter valued at $25,000. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

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.