Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Wednesday.
Separately, Alliance Global Partners began coverage on shares of Chatham Lodging Trust in a research note on Wednesday, December 11th. They set a "buy" rating and a $12.00 target price on the stock.
Read Our Latest Stock Analysis on Chatham Lodging Trust
Chatham Lodging Trust Stock Performance
Shares of NYSE:CLDT traded down $0.08 during midday trading on Wednesday, reaching $7.22. The company's stock had a trading volume of 281,585 shares, compared to its average volume of 398,958. Chatham Lodging Trust has a twelve month low of $7.17 and a twelve month high of $10.16. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $353.70 million, a PE ratio of -31.39 and a beta of 1.82. The stock has a fifty day moving average of $8.22 and a 200 day moving average of $8.61.
Institutional Trading of Chatham Lodging Trust
A number of hedge funds and other institutional investors have recently modified their holdings of CLDT. Quantbot Technologies LP acquired a new position in Chatham Lodging Trust in the fourth quarter valued at approximately $25,000. Lazard Asset Management LLC purchased a new stake in shares of Chatham Lodging Trust during the 4th quarter worth $56,000. Quarry LP increased its holdings in shares of Chatham Lodging Trust by 23.5% in the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 1,423 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Chatham Lodging Trust in the 4th quarter valued at $68,000. Finally, Quantinno Capital Management LP purchased a new position in Chatham Lodging Trust during the 4th quarter worth approximately $94,000. 88.37% of the stock is owned by institutional investors and hedge funds.
Chatham Lodging Trust Company Profile
(
Get Free Report)
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.
See Also
Before you consider Chatham Lodging Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chatham Lodging Trust wasn't on the list.
While Chatham Lodging Trust currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
