StockNews.com Downgrades Chatham Lodging Trust (NYSE:CLDT) to Hold

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

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

Chatham Lodging Trust Trading Down 1.1 %

Shares of CLDT stock opened at $7.37 on Wednesday. The business’s fifty day moving average price is $8.31 and its 200 day moving average price is $8.63. The firm has a market capitalization of $360.95 million, a PE ratio of -32.04 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. Chatham Lodging Trust has a 1-year low of $7.26 and a 1-year high of $10.22.

Hedge Funds Weigh In On Chatham Lodging Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. PharVision Advisers LLC acquired a new stake in Chatham Lodging Trust in the fourth quarter valued at $251,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Chatham Lodging Trust by 17.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,134 shares of the real estate investment trust’s stock valued at $1,290,000 after acquiring an additional 21,215 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Chatham Lodging Trust by 37.7% during the 4th quarter. Two Sigma Advisers LP now owns 151,153 shares of the real estate investment trust’s stock valued at $1,353,000 after acquiring an additional 41,400 shares in the last quarter. Two Sigma Investments LP raised its position in Chatham Lodging Trust by 39.7% during the fourth quarter. Two Sigma Investments LP now owns 428,322 shares of the real estate investment trust’s stock worth $3,833,000 after acquiring an additional 121,749 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Chatham Lodging Trust by 7.2% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 34,608 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 2,338 shares during the last quarter. 88.37% of the stock is 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.