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

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

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

Chatham Lodging Trust Trading Up 1.4 %

NYSE CLDT traded up $0.11 during trading hours on Tuesday, hitting $8.11. 427,545 shares of the company were exchanged, compared to its average volume of 391,278. The stock has a market cap of $396.66 million, a PE ratio of -67.58 and a beta of 1.80. Chatham Lodging Trust has a 52 week low of $7.60 and a 52 week high of $11.32. The stock has a 50-day moving average price of $8.54 and a 200 day moving average price of $9.40. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.49.

Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). The company had revenue of $86.48 million for the quarter, compared to the consensus estimate of $85.48 million. Chatham Lodging Trust had a net margin of 0.73% and a return on equity of 0.28%. During the same period in the prior year, the firm posted $0.43 EPS. Analysts forecast that Chatham Lodging Trust will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Chatham Lodging Trust

In related news, COO Dennis M. Craven purchased 12,000 shares of Chatham Lodging Trust stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of $7.88 per share, with a total value of $94,560.00. Following the purchase, the chief operating officer now directly owns 110,943 shares of the company’s stock, valued at approximately $874,230.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chatham Lodging Trust

Several institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in Chatham Lodging Trust by 80.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 2,109 shares during the period. Quest Partners LLC purchased a new position in shares of Chatham Lodging Trust in the 4th quarter valued at $70,000. Allspring Global Investments Holdings LLC raised its position in shares of Chatham Lodging Trust by 322.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 7,587 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Chatham Lodging Trust during the 4th quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Chatham Lodging Trust by 83.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,537 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 7,070 shares in the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

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.