19.18% to Target, Credit Suisse Reiterates “Outperform” Rating for IAC\/InterActiveCorp (IAC) Stock; Chatham Lodging Trust Has 1.27 Sentiment

August 10, 2018 - By Kristin Houston

IAC/InterActiveCorp (NASDAQ:IAC) Logo

Chatham Lodging Trust (CLDT) investors sentiment decreased to 1.27 in 2018 Q1. It’s down -1.02, from 2.29 in 2017Q4. The ratio is negative, as 79 hedge funds increased and started new positions, while 62 sold and decreased their equity positions in Chatham Lodging Trust. The hedge funds in our database now possess: 39.15 million shares, down from 39.87 million shares in 2017Q4. Also, the number of hedge funds holding Chatham Lodging Trust in top ten positions was flat from 0 to 0 for the same number . Sold All: 18 Reduced: 44 Increased: 59 New Position: 20.

In a report released on Friday, 10 August, IAC\/InterActiveCorp (IAC) stock had its “Outperform” Rating reiterated by research professionals at Credit Suisse. They currently have a $220 TP on firm. Credit Suisse’s target would indicate a potential upside of 19.18% from the company’s stock close price.

The stock decreased 0.62% or $0.13 during the last trading session, reaching $20.95. About 260,825 shares traded or 9.82% up from the average. Chatham Lodging Trust (CLDT) has risen 7.87% since August 10, 2017 and is uptrending. It has underperformed by 4.70% the S&P500. Some Historical CLDT News: 09/03/2018 – Chatham Lodging Trust Refinances Unsecured Credit Facility, Reduces Interest Costs and Pushes Maturity to 2023; 01/05/2018 – Chatham Lodging Trust Sees 2018 Adjusted FFO/Share $1.82 to $1.95; 01/05/2018 – Chatham Lodging Trust Sees 2Q Total Hotel Rev $83.1M-$84.2M; 01/05/2018 – Chatham Lodging Trust Sees 2018 Industrywide RevPAR Flat to Up 3%; 01/05/2018 – Chatham Lodging Trust Sees 2Q RevPar Flat to Up 1.5%; 01/05/2018 – Chatham Lodging Trust 1Q Adjusted FFO/Share 36 Cents; 09/03/2018 Chatham Lodging Announces Monthly Dividend; 01/05/2018 – Chatham Lodging Trust Sees 2018 Total Hotel Rev $310.8M-$316.6M; 01/05/2018 – Chatham Lodging Trust 1Q EPS 6c; 01/05/2018 – Chatham Lodging Trust Sees 2Q EPS 26c-EPS 29c

Forward Management Llc holds 2.17% of its portfolio in Chatham Lodging Trust for 775,800 shares. Birch Run Capital Advisors Lp owns 263,000 shares or 1.96% of their US portfolio. Moreover, Fuller & Thaler Asset Management Inc. has 0.75% invested in the company for 3.32 million shares. The Missouri-based Piermont Capital Management Inc. has invested 0.75% in the stock. Crow Point Partners Llc, a Massachusetts-based fund reported 200,000 shares.

More news for Chatham Lodging Trust (NYSE:CLDT) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Chatham Lodging Trust (REIT), Tower International …” on August 08, 2018. Businesswire.com‘s article titled: “Chatham Lodging Announces Second Quarter Earnings Call to be Held on Wednesday, August 1, 2018” and published on July 12, 2018 is yet another important article.

Since January 1, 0001, it had 4 insider purchases, and 0 sales for $270,485 activity.

Analysts await Chatham Lodging Trust (NYSE:CLDT) to report earnings on October, 30. They expect $0.62 EPS, down 8.82% or $0.06 from last year’s $0.68 per share. CLDT’s profit will be $28.74 million for 8.45 P/E if the $0.62 EPS becomes a reality. After $0.59 actual EPS reported by Chatham Lodging Trust for the previous quarter, Wall Street now forecasts 5.08% EPS growth.

Chatham Lodging Trust is an equity real estate investment trust. The company has market cap of $971.03 million. The firm invests in the real estate markets of the United States. It has a 25.67 P/E ratio. It primarily invests in premium-branded upscale extended-stay and select-service hotels to create its portfolio.

Among 12 analysts covering IAC\/InterActive (IAC), 12 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. IAC\/InterActive has $22600 highest and $165 lowest target. $195.45’s average target is 5.88% above currents $184.6 stock price. IAC\/InterActive had 19 analyst reports since February 12, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, March 8 by Credit Suisse. The stock of IAC/InterActiveCorp (NASDAQ:IAC) earned “Buy” rating by Cowen & Co on Friday, February 16. The stock of IAC/InterActiveCorp (NASDAQ:IAC) earned “Buy” rating by Aegis Capital on Tuesday, February 27. The rating was maintained by Barclays Capital on Friday, May 11 with “Overweight”. The firm has “Buy” rating given on Wednesday, February 14 by Citigroup. Credit Suisse upgraded IAC/InterActiveCorp (NASDAQ:IAC) on Friday, April 20 to “Buy” rating. The firm has “Buy” rating given on Monday, June 11 by Jefferies. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 2 report. BMO Capital Markets maintained IAC/InterActiveCorp (NASDAQ:IAC) rating on Monday, April 16. BMO Capital Markets has “Buy” rating and $22600 target. The stock of IAC/InterActiveCorp (NASDAQ:IAC) earned “Outperform” rating by BMO Capital Markets on Monday, February 12.

The stock increased 1.10% or $2 during the last trading session, reaching $184.6. About 48,151 shares traded. IAC/InterActiveCorp (IAC) has risen 46.66% since August 10, 2017 and is uptrending. It has outperformed by 34.09% the S&P500. Some Historical IAC News: 09/05/2018 – IAC quarterly profit surges on Match, ANGI Homeservices strength; 11/04/2018 – iManage Relied on by 75 Percent of the European 100; 06/03/2018 Dictionary.com Adds Emoji to Site, Including Tears of Joy, Eggplant, Pile of Poo; 21/03/2018 – BERKEYS Air Conditioning, Plumbing, & Electrical Earns Esteemed Angie’s List Super Service Award For The Eighth Time; 09/05/2018 – IAC 1Q ADJ. EBITDA $188.4M, EST. $150.4M; 09/05/2018 – IAC SEES 2018 OPER. INCOME $515M-$635M; 20/04/2018 – Report: Developing Opportunities within CymaBay Therapeutics, IAC/InterActiveCorp, Axcelis Technologies, La Quinta, Hornbeck Of; 19/04/2018 – DJ IAC/InterActiveCorp, Inst Holders, 1Q 2018 (IAC); 09/05/2018 – IAC/INTERACTIVECORP – QTRLY SHR $0.71; QTRLY REV $995.1 MLN, UP 31 PCT; 20/03/2018 – Texas Law Firm Rosenthal Pauerstein Sandoloski Agather Works Smarter with iManage Work 10

Chatham Lodging Trust (NYSE:CLDT) Institutional Positions Chart

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