Chatham Lodging Trust (NYSE:CLDT) Plans $0.02 Quarterly Dividend

Chatham Lodging Trust (NYSE:CLDT) declared a quarterly dividend on Monday, March 3rd, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.02 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, March 31st.

Chatham Lodging Trust Stock Performance

Shares of CLDT opened at $8.08 on Wednesday. The stock has a 50 day moving average price of $8.66 and a 200 day moving average price of $8.69. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $395.47 million, a price-to-earnings ratio of -35.11 and a beta of 1.80. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $10.46.

Analysts Set New Price Targets

Separately, Alliance Global Partners initiated coverage on Chatham Lodging Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price target for the company.

About Chatham Lodging Trust

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.