FBR Capital Raises Price Target on Chatham Lodging Trus (CLDT)
Equities research analysts at FBR Capital (NASDAQ: FBCM) upped their price target on shares of Chatham Lodging Trus (NASDAQ: CLDT) from $15.00 to $17.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Chatham Lodging Trus to a “hold” rating in a research note to investors on Wednesday, March 14th. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Chatham Lodging Trus in a research note to investors on Friday, February 24th.
Chatham Lodging Trus opened at 13.06 on Thursday. Chatham Lodging Trus has a 52-week low of $8.82 and a 52-week high of $17.03. The company’s market cap is $181.6 million.
Chatham Lodging Trus last posted its quarterly earnings results on Monday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.02. Chatham Lodging Trus’s revenue was up 82.4% compared to the same quarter last year. Analysts expect that Chatham Lodging Trus will post $0.46 EPS next quarter.
Chatham Lodging Trust is a hotel investment company. The Company was formed to invest in extended-stay, select-service and full-service hotels.