Chatham Lodging Trust (REIT) (NYSE:CLDT – Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $10.73 and last traded at $10.7310, with a volume of 132466 shares. The stock had previously closed at $10.67.
Analysts Set New Price Targets
A number of analysts have commented on CLDT shares. Stifel Nicolaus boosted their price objective on Chatham Lodging Trust from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings lowered Chatham Lodging Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Zacks Research lowered Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.00.
Check Out Our Latest Stock Report on CLDT
Chatham Lodging Trust Trading Up 0.5%
Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last released its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The business had revenue of $67.74 million during the quarter, compared to the consensus estimate of $67.22 million. Chatham Lodging Trust had a net margin of 3.14% and a return on equity of 1.18%. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. On average, equities research analysts anticipate that Chatham Lodging Trust will post 1.27 earnings per share for the current year.
Chatham Lodging Trust Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.10 dividend. This is a boost from Chatham Lodging Trust’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Chatham Lodging Trust’s dividend payout ratio is currently 2,000.00%.
Hedge Funds Weigh In On Chatham Lodging Trust
Several institutional investors have recently modified their holdings of CLDT. Tower Research Capital LLC TRC grew its holdings in shares of Chatham Lodging Trust by 195.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 3,858 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Chatham Lodging Trust by 1,071.1% during the first quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 6,084 shares during the period. Advisory Services Network LLC bought a new position in Chatham Lodging Trust during the third quarter valued at $52,000. Quarry LP grew its holdings in Chatham Lodging Trust by 61.9% during the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 3,300 shares during the period. Finally, Strs Ohio bought a new position in Chatham Lodging Trust during the first quarter valued at $61,000. 88.37% of the stock is owned by institutional investors.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.
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