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

StockNews.com upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a sell rating to a hold rating in a research report released on Thursday morning.

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

Chatham Lodging Trust Stock Up 1.0 %

CLDT stock opened at $8.67 on Thursday. 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 has a fifty-two week low of $7.60 and a fifty-two week high of $11.32. The firm’s 50-day simple moving average is $8.59 and its 200 day simple moving average is $9.63. The stock has a market cap of $424.05 million, a PE ratio of -72.25 and a beta of 1.80.

Chatham Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.28 annualized dividend and a yield of 3.23%. Chatham Lodging Trust’s payout ratio is -233.33%.

Insider Buying and Selling at Chatham Lodging Trust

In other Chatham Lodging Trust news, COO Dennis M. Craven acquired 12,000 shares of Chatham Lodging Trust stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $7.88 per share, for a total transaction of $94,560.00. Following the transaction, the chief operating officer now owns 110,943 shares in the company, valued at approximately $874,230.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Chatham Lodging Trust by 1.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 96,952 shares of the real estate investment trust’s stock worth $979,000 after buying an additional 1,483 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chatham Lodging Trust by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 61,705 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 1,702 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Chatham Lodging Trust by 6.8% in the fourth quarter. SG Americas Securities LLC now owns 28,577 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 1,825 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Chatham Lodging Trust by 80.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 2,109 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Chatham Lodging Trust by 23.4% in the first quarter. BNP Paribas Financial Markets now owns 25,210 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 4,786 shares during the period. 88.37% of the stock is currently owned by institutional investors and hedge funds.

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.