Chatham Lodging Trust (NYSE:CLDT) Rating Lowered to Sell at StockNews.com

Chatham Lodging Trust (NYSE:CLDT) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

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

Chatham Lodging Trust Stock Performance

Chatham Lodging Trust stock traded up $0.17 during trading hours on Tuesday, hitting $8.53. The stock had a trading volume of 815,621 shares, compared to its average volume of 396,068. The company has a 50-day moving average of $8.70 and a two-hundred day moving average of $9.76. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $417.20 million, a PE ratio of -71.08 and a beta of 1.80. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $11.32.

Insider Transactions at Chatham Lodging Trust

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

Institutional Investors Weigh In On Chatham Lodging Trust

A number of large investors have recently bought and sold shares of CLDT. GSA Capital Partners LLP grew its position in Chatham Lodging Trust by 105.7% during the 3rd quarter. GSA Capital Partners LLP now owns 145,560 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 74,813 shares during the last quarter. Belpointe Asset Management LLC boosted its position in Chatham Lodging Trust by 12.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 32,694 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 3,526 shares during the last quarter. Vanguard Group Inc. boosted its position in Chatham Lodging Trust by 0.4% in 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 buying an additional 21,758 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Chatham Lodging Trust by 5.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 94,910 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 5,282 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Chatham Lodging Trust by 6.8% in the 4th quarter. SG Americas Securities LLC now owns 28,577 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 1,825 shares during the last quarter. 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.