Stifel Nicolaus Has Lowered Expectations for Chatham Lodging Trust (NYSE:CLDT) Stock Price

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) had its price objective lowered by analysts at Stifel Nicolaus from $11.00 to $9.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Stifel Nicolaus' price target points to a potential upside of 39.36% from the stock's previous close.

Separately, StockNews.com lowered Chatham Lodging Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th.

Chatham Lodging Trust Price Performance

CLDT traded down $0.06 on Wednesday, hitting $6.82. 427,043 shares of the company's stock were exchanged, compared to its average volume of 416,031. The firm has a 50-day moving average price of $7.51 and a 200-day moving average price of $8.38. The stock has a market cap of $333.91 million, a price-to-earnings ratio of -29.64 and a beta of 1.49. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a fifty-two week low of $5.83 and a fifty-two week high of $10.00.

Institutional Trading of Chatham Lodging Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Chatham Lodging Trust during the 4th quarter worth approximately $25,000. Lazard Asset Management LLC acquired a new position in Chatham Lodging Trust in the fourth quarter valued at $56,000. Quarry LP increased its position in shares of Chatham Lodging Trust by 23.5% during the fourth quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 1,423 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Chatham Lodging Trust in the 4th quarter valued at about $68,000. Finally, GAMMA Investing LLC boosted its position in shares of Chatham Lodging Trust by 565.4% in the 1st quarter. GAMMA Investing LLC now owns 9,568 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 8,130 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.