Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.
Separately, Alliance Global Partners initiated coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a "buy" rating and a $12.00 target price for the company.
Get Our Latest Stock Analysis on CLDT
Chatham Lodging Trust Trading Down 2.9 %
CLDT stock traded down $0.23 on Tuesday, hitting $7.42. 778,844 shares of the company were exchanged, compared to its average volume of 379,906. The stock has a market capitalization of $363.15 million, a price-to-earnings ratio of -32.24 and a beta of 1.82. The business's fifty day moving average is $8.36 and its two-hundred day moving average is $8.64. Chatham Lodging Trust has a twelve month low of $7.26 and a twelve month high of $10.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96.
Institutional Trading of Chatham Lodging Trust
A number of large investors have recently modified their holdings of CLDT. Connor Clark & Lunn Investment Management Ltd. increased its stake in Chatham Lodging Trust by 369.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,768 shares of the real estate investment trust's stock valued at $629,000 after buying an additional 58,063 shares during the period. Bank of Montreal Can acquired a new position in shares of Chatham Lodging Trust during the 3rd quarter valued at $2,162,000. FMR LLC raised its stake in shares of Chatham Lodging Trust by 59.5% in the 3rd quarter. FMR LLC now owns 42,567 shares of the real estate investment trust's stock worth $363,000 after buying an additional 15,877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chatham Lodging Trust by 85.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust's stock valued at $1,047,000 after buying an additional 56,804 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Chatham Lodging Trust by 16.9% during the third quarter. Martingale Asset Management L P now owns 124,612 shares of the real estate investment trust's stock valued at $1,062,000 after buying an additional 18,015 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company's stock.
Chatham Lodging Trust Company Profile
(
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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.
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