Chatham Lodging Trust (NYSE:CLDT) has been downgraded to Hold in a report by Cantor Fitzgerald today.
- Updated: October 11, 2016
Just yesterday Chatham Lodging Trust (NYSE:CLDT) traded -4.62% lower at $18.63. Chatham Lodging Trust’s 50-day moving average is $19.87 and its 200-day moving average is $21.31. The last stock price is down -15.76% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 210,832 shares of CLDT traded hands, up from an average trading volume of 205,371
Cantor Fitzgerald has downgraded Chatham Lodging Trust (NYSE:CLDT) to Hold in a report released on Wednesday October 12, 2016.
Previously on Tuesday October 11, 2016, FBR & Co. released a statement about Chatham Lodging Trust (NYSE:CLDT) reduced the target price from $23.00 to $22.00. At the time, this indicated a possible upside of 0.17%.
Recent Performance Chart
Chatham Lodging Trust has 52 week low of $16.12 and a 52 week high of $24.80 with a PE ratio of 20.19 and has a market capitalization of $0.
In addition to Cantor Fitzgerald reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $24.42 with 3 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Chatham Lodging Trust (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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