Chatham Lodging Trust (NYSE:CLDT) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Having a price of $18.63, Chatham Lodging Trust (NYSE:CLDT) traded -0.56% lower on the day. With the last close down -15.80% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CLDT has recorded a 50-day average of $19.67 and a two hundred day average of $21.26. Trade Volume was up over the average, with 254,365 shares of CLDT changing hands over the typical 211,005
Zacks Investment Research has downgraded Chatham Lodging Trust (NYSE:CLDT) to Sell in a statement released on Wednesday October 12, 2016.
On 10/11/2016, FBR & Co. released a statement on Chatham Lodging Trust (NYSE:CLDT) dropped the target price from $23.00 to $22.00 that suggested an upside of 0.17%.
Recent Performance Chart
Chatham Lodging Trust has PE ratio of 20.13 with a one year low of $16.12 and a one year high of $24.80 and has a market capitalization of $0.
A total of 6 analysts have released a report on Chatham Lodging Trust. Three analysts rating the company a strong buy, two analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $24.42.
General Company Details For 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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