Chatham Lodging (NYSE:CLDT) price target dropped to $22.00, released a ratings update earlier today by FBR & Co.
- Updated: October 11, 2016
Boasting a price of $18.82, Chatham Lodging (NYSE:CLDT) traded -4.62% lower on the day. With the last stock price close down -15.76% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Chatham Lodging has recorded a 50-day average of $19.87 and a two hundred day average of $21.31. Volume of trade was up over the average, with 210,832 shares of CLDT changing hands over the typical 205,371
FBR & Co. bumped down the target of Chatham Lodging (NYSE:CLDT) to $22.00 stating a potential upside of 0.17%.
With a total market value of $0, Chatham Lodging has price-earnings ratio of 20.19 with a one year low of $16.12 and a one year high of $24.80 .
A total of 6 brokerages have issued a ratings update on Chatham Lodging. Three brokerages rating the company a strong buy, two brokerages rating the company a buy, one brokerage rating the company a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $24.42.
About Chatham Lodging (NYSE:CLDT)
Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The Company's assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company's hotels. It owns approximately 40 hotels with over 5,680 (unaudited) rooms. Its hotels include upscale extended-stay hotels that operate under the Residence Inn by Marriott brand (over 10 hotels) and Homewood Suites by Hilton brand (approximately nine hotels), as well as premium-branded select-service hotels that operate under the Courtyard by Marriott brand (over four hotels), the Hampton Inn or Hampton Inn and Suites by Hilton brand (over three hotels), the SpringHill Suites by Marriott brand (approximately two hotels), the Hilton Garden Inn by Hilton brand (over two hotels) and the Hyatt Place brand (approximately two hotels).
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