Chatham Lodging Trust (NYSE:CLDT) Stock Rating Upgraded by StockNews.com

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

Separately, Alliance Global Partners assumed coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock.

Chatham Lodging Trust Trading Down 0.7 %

Shares of Chatham Lodging Trust stock traded down $0.06 during trading hours on Tuesday, reaching $7.57. 432,852 shares of the company’s stock were exchanged, compared to its average volume of 377,245. Chatham Lodging Trust has a 52-week low of $7.46 and a 52-week 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. The company has a fifty day moving average of $8.43 and a 200-day 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.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Chatham Lodging Trust in the 4th quarter worth $25,000. Lazard Asset Management LLC purchased a new position in shares of Chatham Lodging Trust in the 4th quarter worth $56,000. Quarry LP raised its position 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 valued at $67,000 after purchasing an additional 1,423 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Chatham Lodging Trust in the fourth quarter valued at about $68,000. Finally, Quantinno Capital Management LP purchased a new position in Chatham Lodging Trust in the fourth quarter valued at about $94,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

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.