Chatham Lodging Trust's stock movement today is influenced by recent analyst activity and investor interest. Alliance Global Partners initiated coverage on Chatham Lodging Trust with a "buy" rating and set a price target of $12.00, which has likely contributed to positive sentiment around the stock. This new coverage comes as the company continues to attract attention from institutional investors, with significant changes in holdings reported in recent quarters. The stock's performance is also supported by its upcoming dividend announcement, which may be drawing interest from income-focused investors.
The current price of Chatham Lodging Trust (CLDT) is $9.64, reflecting a 0.42% increase from the previous close.