Chatham Lodging Trust (NYSE:CLDT) Now Covered by Alliance Global Partners

Equities research analysts at Alliance Global Partners initiated coverage on shares of Chatham Lodging Trust (NYSE:CLDT) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $12.00 price target on the real estate investment trust’s stock. Alliance Global Partners’ price objective indicates a potential upside of 23.08% from the company’s current price.

Separately, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th.

Chatham Lodging Trust Trading Down 1.3 %

Shares of CLDT opened at $9.75 on Wednesday. The stock has a fifty day moving average of $8.81 and a two-hundred day moving average of $8.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $476.88 million, a PE ratio of -42.39 and a beta of 1.82. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $11.32.

Institutional Trading of Chatham Lodging Trust

Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at $46,000. Quarry LP lifted its holdings in shares of Chatham Lodging Trust by 303.7% during the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 4,149 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Chatham Lodging Trust during the 2nd quarter valued at $63,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Chatham Lodging Trust by 322.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 7,587 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Chatham Lodging Trust during the 3rd quarter valued at $89,000. 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.