) 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.