The stock of Chatham Lodging Trust (NYSE:CLDT) is a huge mover today! About 156,942 shares traded hands. Chatham Lodging Trust (NYSE:CLDT) has declined 5.71% since April 13, 2016 and is downtrending. It has underperformed by 9.64% the S&P500.
The move comes after 8 months negative chart setup for the $764.26 million company. It was reported on Nov, 15 by Barchart.com. We have $17.49 PT which if reached, will make NYSE:CLDT worth $68.78M less.
Chatham Lodging Trust (NYSE:CLDT) Ratings Coverage
Out of 7 analysts covering Chatham Lodging (NYSE:CLDT), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Chatham Lodging has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Tuesday, August 11 the stock rating was maintained by JMP Securities with “Market Outperform”. Barclays Capital downgraded it to “Equal-Weight” rating and $22 target price in Thursday, August 4 report. FBR Capital maintained Chatham Lodging Trust (NYSE:CLDT) on Tuesday, October 11 with “Mkt Perform” rating. The firm has “Market Perform” rating given on Thursday, August 4 by FBR Capital. FBR Capital maintained the shares of CLDT in a report on Monday, November 7 with “Mkt Perform” rating. FBR Capital initiated Chatham Lodging Trust (NYSE:CLDT) rating on Friday, November 20. FBR Capital has “Outperform” rating and $27.0 price target. The firm earned “Buy” rating on Friday, January 8 by BB&T Capital. The company was reinitiated on Tuesday, March 29 by Stifel Nicolaus. The firm has “Neutral” rating by SunTrust given on Thursday, August 4. The rating was downgraded by Cantor Fitzgerald on Wednesday, October 12 to “Hold”.
According to Zacks Investment Research, “Chatham Lodging Trust is a self-advised hotel REIT, formed to invest in premium-branded upscale extended-stay and select-service hotels. The Company intends to invest primarily in hotels in large metropolitan markets in the United States. Chatham Lodging Trust expects that a significant portion of its portfolio will consist of hotels in the upscale extended-stay market, including brands such as Residence Inn by Marriott, Homewood Suites by Hilton and Summerfield Suites by Hyatt. It also intends to invest in premium-branded select-service hotels such as Courtyard by Marriott, Hampton Inn and Hampton Inn and Suites.”
Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.35, from 0.92 in 2016Q1. The ratio is positive, as 11 funds sold all Chatham Lodging Trust shares owned while 37 reduced positions. 8 funds bought stakes while 53 increased positions. They now own 30.71 million shares or 8.45% less from 33.54 million shares in 2016Q1.
Creative Planning has 0% invested in the company for 250 shares. Wells Fargo Mn holds 101,000 shares or 0% of its portfolio. Mizuho Tru & Limited has invested 0% of its portfolio in Chatham Lodging Trust (NYSE:CLDT). First Mercantile Trust Communication reported 4,890 shares or 0.01% of all its holdings. Advantus Cap Management has 0.03% invested in the company for 52,082 shares. Goldman Sachs Grp Inc has 39,597 shares for 0% of their US portfolio. State Board Of Administration Of Florida Retirement last reported 0% of its portfolio in the stock. Amer Century Inc, a Missouri-based fund reported 412,796 shares. State Street accumulated 0% or 657,711 shares. Nomura Asset Co Ltd reported 22,960 shares or 0.01% of all its holdings. Nationwide Fund Advsrs has 0% invested in the company for 41,905 shares. Aew Capital Mgmt L P holds 0.7% of its portfolio in Chatham Lodging Trust (NYSE:CLDT) for 1.59 million shares. Ny State Common Retirement Fund has 38,600 shares for 0% of their US portfolio. Invesco accumulated 0% or 22,356 shares. Sumitomo Mitsui Tru Hldgs last reported 27,322 shares in the company.
Insider Transactions: Since November 7, 2016, the stock had 3 buys, and 0 selling transactions for $503,090 net activity. $34,460 worth of Chatham Lodging Trust (NYSE:CLDT) was bought by CRAVEN DENNIS M on Monday, November 7. Willis Peter had bought 2,000 shares worth $34,880 on Tuesday, November 8. On Monday, November 7 FISHER JEFFREY H bought $433,750 worth of the stock or 25,000 shares.
More notable recent Chatham Lodging Trust (NYSE:CLDT) news were published by: Nasdaq.com which released: “Chatham Lodging Trust (CLDT) Chairman, President and CEO Jeffrey H Fisher …” on November 09, 2016, also Zacks.com with their article: “Chatham Lodging Trust (CLDT): Moving Average Crossover Alert” published on October 13, 2016, Forbes.com published: “Ex-Dividend Reminder: SunTrust Banks, Chatham Lodging Trust and Qualcomm” on August 25, 2016. More interesting news about Chatham Lodging Trust (NYSE:CLDT) were released by: Valuewalk.com and their article: “The Best Of The Best Monthly Dividend Stocks: Chatham Lodging Trust” published on May 25, 2016 as well as Businesswire.com‘s news article titled: “Chatham Lodging Trust Announces First Quarter 2016 Results” with publication date: May 05, 2016.
CLDT Company Profile
Chatham Lodging Trust, incorporated on October 26, 2009, is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. All of the Company’s assets are held by, and all of its activities are conducted through, Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels. The Firm owns approximately 40 hotels with over 5,680 (unaudited) rooms located in 15 states in the United States and the District of Columbia.
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