Chatham Lodging Trust (NYSE:CLDT) Hits New 12-Month High – Here’s Why

Chatham Lodging Trust (REIT) (NYSE:CLDTGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $13.89 and last traded at $13.8370, with a volume of 14576 shares changing hands. The stock had previously closed at $13.79.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CLDT. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 price target on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Weiss Ratings raised shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Zacks Research cut shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.00.

Read Our Latest Stock Analysis on Chatham Lodging Trust

Chatham Lodging Trust Stock Down 0.8%

The company has a market cap of $638.82 million, a P/E ratio of 170.72 and a beta of 1.08. The stock has a 50-day moving average of $13.16 and a two-hundred day moving average of $10.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72.

Chatham Lodging Trust (NYSE:CLDTGet Free Report) last posted 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 net margin of 4.00% and a return on equity of 1.56%. The firm had revenue of $87.80 million for 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, research analysts anticipate that Chatham Lodging Trust will post 1.33 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.40 annualized dividend and a yield of 2.9%. Chatham Lodging Trust’s payout ratio is currently 500.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Chatham Lodging Trust by 195.0% in the 2nd 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 during the last quarter. PNC Financial Services Group Inc. increased its stake in Chatham Lodging Trust by 1,071.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 6,084 shares during the period. Advisory Services Network LLC bought a new stake in Chatham Lodging Trust in the third quarter valued at approximately $52,000. Quarry LP lifted its position in Chatham Lodging Trust by 61.9% in 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 last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Chatham Lodging Trust during the second quarter valued at approximately $60,000. 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.

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