Chatham Lodging Trust (NYSE:CLDT) Price Target Lowered to $12.00 at Barclays

Chatham Lodging Trust (NYSE:CLDT) had its target price cut by Barclays from $13.00 to $12.00 in a research note released on Wednesday, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Chatham Lodging Trust Stock Down 2.1 %

Shares of NYSE CLDT opened at $9.16 on Wednesday. The stock has a 50 day moving average price of $10.12 and a 200 day moving average price of $10.18. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.08 and a current ratio of 3.08. The firm has a market capitalization of $447.68 million, a price-to-earnings ratio of -83.23 and a beta of 1.74. Chatham Lodging Trust has a 52-week low of $8.92 and a 52-week high of $11.32.

Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). The company had revenue of $72.28 million for the quarter, compared to analysts’ expectations of $70.46 million. Chatham Lodging Trust had a return on equity of 0.33% and a net margin of 0.85%. During the same quarter in the prior year, the company earned $0.20 EPS. Sell-side analysts expect that Chatham Lodging Trust will post 1.15 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 3.06%. Chatham Lodging Trust’s dividend payout ratio is currently -254.55%.

Institutional Trading of Chatham Lodging Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new stake in shares of Chatham Lodging Trust during the 1st quarter valued at $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of Chatham Lodging Trust by 94.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,353 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,630 shares during the last quarter. Quarry LP lifted its holdings in shares of Chatham Lodging Trust by 146.1% during the 2nd quarter. Quarry LP now owns 4,235 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 2,514 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Chatham Lodging Trust by 80.6% during the 4th quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,109 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

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.