Chatham Lodging Trust (REIT) (NYSE:CLDT) Plans Quarterly Dividend of $0.10

Chatham Lodging Trust (REIT) (NYSE:CLDTGet Free Report) announced a quarterly dividend on Tuesday, September 8th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.10 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 30th.

Chatham Lodging Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Chatham Lodging Trust to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 29.0%.

Chatham Lodging Trust Stock Down 2.7%

Shares of NYSE CLDT opened at $12.69 on Wednesday. The firm’s 50-day moving average price is $13.14 and its 200-day moving average price is $10.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $592.32 million, a price-to-earnings ratio of 158.63 and a beta of 1.08. Chatham Lodging Trust has a 12-month low of $6.08 and a 12-month high of $13.89.

Chatham Lodging Trust (NYSE:CLDTGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%.The company had revenue of $87.80 million during the quarter, compared to analyst estimates of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, equities research analysts anticipate that Chatham Lodging Trust will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Intech Investment Management LLC grew its stake in shares of Chatham Lodging Trust by 9.1% during the third quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 2,017 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Chatham Lodging Trust by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust’s stock worth $4,190,000 after acquiring an additional 2,496 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Chatham Lodging Trust during the 2nd quarter worth approximately $34,000. Franklin Resources Inc. boosted its holdings in Chatham Lodging Trust by 8.4% during the 2nd quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 2,642 shares during the period. Finally, Kennedy Capital Management LLC boosted its holdings in Chatham Lodging Trust by 0.4% during the 4th quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock valued at $5,479,000 after acquiring an additional 2,894 shares during the period. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Chatham Lodging Trust (NYSE:CLDT)

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