Chatham Lodging Trust (REIT) (NYSE:CLDT – Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $14.05 and last traded at $14.0340, with a volume of 36,199 shares traded. The stock had previously closed at $13.83.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Weiss Ratings raised Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Morgan Stanley downgraded shares of Chatham Lodging Trust to an “outperform” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.75.
Check Out Our Latest Analysis on CLDT
Chatham Lodging Trust Stock Down 0.6%
The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50-day moving average price is $13.27 and its 200 day moving average price is $11.91. The firm has a market cap of $656.13 million, a P/E ratio of 175.72 and a beta of 1.11.
Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating 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 firm 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 expect that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.
Chatham Lodging Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, September 30th. Chatham Lodging Trust’s payout ratio is 500.00%.
Institutional Trading of Chatham Lodging Trust
Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Chatham Lodging Trust during the second quarter worth $118,707,000. Donald Smith & CO. Inc. bought a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at about $52,587,000. Bank of America Corp DE bought a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at about $4,978,000. Hsbc Holdings PLC acquired a new stake in Chatham Lodging Trust during the second quarter worth about $4,537,000. Finally, Bank of New York Mellon Corp acquired a new stake in Chatham Lodging Trust during the second quarter worth about $2,953,000. Institutional investors own 88.37% of the company’s stock.
About Chatham Lodging Trust
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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