Chatham Lodging Trust (REIT) (NYSE:CLDT – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday. The company traded as high as $14.04 and last traded at $14.0190, with a volume of 23824 shares changing hands. The stock had previously closed at $13.72.
Wall Street Analyst Weigh In
CLDT has been the subject of a number of research analyst reports. Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Zacks Research cut Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Stifel Nicolaus increased their price objective on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Chatham Lodging Trust has a consensus rating of “Hold” and a consensus price target of $13.00.
Check Out Our Latest Report on Chatham Lodging Trust
Chatham Lodging Trust Price Performance
Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. The business had revenue of $87.80 million during the quarter, compared to the consensus estimate of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, sell-side analysts forecast that Chatham Lodging Trust will post 1.35 EPS for the current fiscal year.
Chatham Lodging Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. Chatham Lodging Trust’s dividend payout ratio is 500.00%.
Institutional Trading of Chatham Lodging Trust
A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new stake in shares of Chatham Lodging Trust during the 2nd quarter worth $2,953,000. Sei Investments Co. lifted its position in shares of Chatham Lodging Trust by 97.3% in the first quarter. Sei Investments Co. now owns 188,438 shares of the real estate investment trust’s stock worth $1,483,000 after purchasing an additional 92,920 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at $704,000. Hsbc Holdings PLC grew its stake in Chatham Lodging Trust by 185.1% in the second quarter. Hsbc Holdings PLC now owns 340,613 shares of the real estate investment trust’s stock valued at $4,537,000 after purchasing an additional 221,150 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in Chatham Lodging Trust during the second quarter valued at approximately $1,483,000. 88.37% of the stock is currently owned by institutional investors.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust was a self-advised lodging real estate investment trust that owned a portfolio of upscale, premium-branded select-service and extended-stay hotels in the United States. Its properties primarily operated under franchise agreements with major hospitality companies, including Marriott International, Hilton, Hyatt Hotels and InterContinental Hotels Group.
The company’s hotel portfolio included brands such as Courtyard by Marriott, Residence Inn, Homewood Suites, Hampton Inn and Hyatt Place.
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