Institutional Investors Are Betting On Chatham Lodging Trust (NYSE:CLDT)

May 17, 2018 - By Bradley Stiles

Sentiment for Chatham Lodging Trust (NYSE:CLDT)

Chatham Lodging Trust (NYSE:CLDT) institutional sentiment increased to 2.29 in 2017 Q4. Its up 0.98, from 1.31 in 2017Q3. The ratio has increased, as 103 active investment managers increased and opened new equity positions, while 45 trimmed and sold stakes in Chatham Lodging Trust. The active investment managers in our partner’s database now possess: 39.87 million shares, up from 34.14 million shares in 2017Q3. Also, the number of active investment managers holding Chatham Lodging Trust in their top 10 equity positions decreased from 2 to 0 for a decrease of 2. Sold All: 12 Reduced: 33 Increased: 65 New Position: 38.

Chatham Lodging Trust is an equity real estate investment trust. The company has market cap of $912.32 million. The firm invests in the real estate markets of the United States. It has a 26.86 P/E ratio. It primarily invests in premium-branded upscale extended-stay and select-service hotels to create its portfolio.

The stock increased 0.31% or $0.06 during the last trading session, reaching $19.61. About 166,795 shares traded. Chatham Lodging Trust (NYSE:CLDT) has declined 0.79% since May 17, 2017 and is downtrending. It has underperformed by 12.34% the S&P500.

Analysts await Chatham Lodging Trust (NYSE:CLDT) to report earnings on August, 1. They expect $0.58 earnings per share, down 10.77 % or $0.07 from last year’s $0.65 per share. CLDT’s profit will be $26.98 million for 8.45 P/E if the $0.58 EPS becomes a reality. After $0.36 actual earnings per share reported by Chatham Lodging Trust for the previous quarter, Wall Street now forecasts 61.11 % EPS growth.

Forward Management Llc holds 2.34% of its portfolio in Chatham Lodging Trust for 910,500 shares. Birch Run Capital Advisors Lp owns 263,000 shares or 2.16% of their US portfolio. Moreover, Fuller & Thaler Asset Management Inc. has 0.91% invested in the company for 3.33 million shares. The Massachusetts-based Crow Point Partners Llc has invested 0.73% in the stock. Quadrant Capital Management Llc, a New Jersey-based fund reported 36,335 shares.

Since January 1, 0001, it had 4 insider purchases, and 0 selling transactions for $270,485 activity.

Chatham Lodging Trust (NYSE:CLDT) Ratings Coverage

Ratings analysis reveals 0 of Chatham Lodging’s analysts are positive. Out of 5 Wall Street analysts rating Chatham Lodging, 0 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $20.0 while the high is $23.0. The stock’s average target of $20.80 is 6.07% above today’s ($19.61) share price. CLDT was included in 6 notes of analysts from November 20, 2017. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, February 26. Barclays Capital maintained it with “Equal-Weight” rating and $22 target in Tuesday, February 27 report. As per Tuesday, February 27, the company rating was maintained by B. Riley & Co. The firm has “Hold” rating by Cantor Fitzgerald given on Monday, November 20.

More news for Chatham Lodging Trust (NYSE:CLDT) were recently published by: Investorplace.com, which released: “4 of the Best REITs to Buy Now” on May 09, 2018. Seekingalpha.com‘s article titled: “Who’s Cheering For Chatham?” and published on May 14, 2018 is yet another important article.

Chatham Lodging Trust (NYSE:CLDT) Institutional Positions Chart

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