Chatham Lodging Trust (NYSE:CLDT) Raised to Buy at StockNews.com

Chatham Lodging Trust (NYSE:CLDT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Alliance Global Partners began coverage on Chatham Lodging Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $12.00 target price for the company.

Chatham Lodging Trust Stock Down 0.7 %

NYSE:CLDT traded down $0.06 during mid-day trading on Tuesday, hitting $7.57. The company had a trading volume of 432,852 shares, compared to its average volume of 377,245. The business has a fifty day simple moving average of $8.43 and a 200-day simple moving average of $8.66. 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 1 year low of $7.46 and a 1 year high of $10.46. The firm has a market capitalization of $370.94 million, a price-to-earnings ratio of -32.93 and a beta of 1.82.

Institutional Trading of Chatham Lodging Trust

Several large investors have recently modified their holdings of CLDT. Quantbot Technologies LP acquired a new position in Chatham Lodging Trust in the fourth quarter worth about $25,000. Lazard Asset Management LLC acquired a new position in Chatham Lodging Trust in the fourth quarter worth about $56,000. Quarry LP grew its stake in Chatham Lodging Trust by 23.5% in 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 acquired a new position in Chatham Lodging Trust in the fourth quarter worth about $68,000. Finally, Quantinno Capital Management LP acquired a new position in Chatham Lodging Trust in the fourth quarter worth about $94,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

About Chatham Lodging Trust

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.