Chatham Lodging Trust's stock movement on December 19, 2024, can be attributed to several factors impacting the real estate investment trust (REIT) sector. Analysts have noted that the real estate cycle is expected to transition from a "Recession" phase to a "Recovery" phase in 2025, which has sparked optimism among investors. This shift is anticipated to be driven by muted supply growth, providing a silver lining after a prolonged bear market. Additionally, REITs have been historically underperforming compared to the S&P 500, creating a valuation gap that some investors may find attractive. The recent coverage initiation by Alliance Global Partners, which set a "buy" rating and a $12.00 price target for Chatham Lodging Trust, further supports positive sentiment around the stock.
The current price of Chatham Lodging Trust (CLDT) is $9.09, reflecting a 0.55% increase from the previous close.