Market Overview

UPDATE: Barclays Capital Reinstates Coverage On Chatham Lodging Trust On Multiple Positive Factors


In a report published Thursday, Barclays Capital analyst Anthony F. Powell reinstated coverage on Chatham Lodging Trust (NYSE: CLDT) with an Overweight rating and $26.00 price target.

In the report, Barclays Capital noted, “We are reinstating our rating on Chatham Lodging Trust with an Overweight and a $26 price target. We think Chatham's recent transactions demonstrate its ability to generate shareholder value while improving the quality of its wholly owned hotel portfolio. Chatham acquired four attractive hotels in a robust lodging market (Silicon Valley), and we see meaningful upside from the expansion and renovation of the properties.

"In addition, the company generated an $80mn profit from its original $37mn investment in its prior Innkeepers JV while retaining ownership in a new joint venture, which we expect will generate consistent cash distributions in the near term and potential upside from any future monetization event. We remain positive on Chatham given the accommodating lodging cycle and the company's ability to source additional hotel acquisitions owing to its focus on select service hotel assets.”

Chatham Lodging Trust closed on Wednesday at $21.85.

Latest Ratings for CLDT

Aug 2019MaintainsNeutral
Aug 2018MaintainsNeutralNeutral
Feb 2018MaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for CLDT
View the Latest Analyst Ratings

Posted-In: Anthony F. Powell Barclays CapitalAnalyst Color Initiation Analyst Ratings


Related Articles (CLDT)

View Comments and Join the Discussion!

Latest Ratings

RPAYCantor FitzgeraldMaintains18.0
CMSCredit SuisseDowngrades
PBCTStephens & Co.Maintains15.5
TTECCowen & Co.Initiates Coverage On50.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at