Chatham Lodging Trust (NYSE:CLDT) Cut to “Hold” at StockNews.com

Chatham Lodging Trust (NYSE:CLDT) was downgraded by 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 price objective on the stock.

Chatham Lodging Trust Stock Down 1.3 %

Shares of CLDT opened at $7.30 on Wednesday. The company has a market capitalization of $357.27 million, a price-to-earnings ratio of -31.72 and a beta of 1.82. Chatham Lodging Trust has a 52 week low of $7.24 and a 52 week high of $10.22. The stock’s 50-day moving average price is $8.25 and its 200-day moving average price is $8.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Chatham Lodging Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in Chatham Lodging Trust during the fourth quarter valued at $25,000. Lazard Asset Management LLC acquired a new position in shares of Chatham Lodging Trust during the 4th quarter worth about $56,000. Quarry LP lifted its stake in 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 buying an additional 1,423 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Chatham Lodging Trust in the 4th quarter worth about $68,000. Finally, Quantinno Capital Management LP purchased a new stake in Chatham Lodging Trust during the 4th quarter worth approximately $94,000. 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.