Chatham Lodging Trust (NYSE:CLDT) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Several other research analysts have also recently issued reports on CLDT. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Stifel Nicolaus increased their price objective on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.00.

Chatham Lodging Trust Price Performance

NYSE CLDT opened at $12.89 on Wednesday. Chatham Lodging Trust has a 52 week low of $6.08 and a 52 week high of $13.88. The stock has a market cap of $601.75 million, a price-to-earnings ratio of 161.16 and a beta of 1.08. The company has a 50-day moving average price of $13.01 and a two-hundred day moving average price of $10.08. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results 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. The firm had revenue of $87.80 million for the quarter, compared to the consensus estimate of $82.01 million. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%.Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Analysts forecast that Chatham Lodging Trust will post 1.33 EPS for the current year.

Chatham Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Chatham Lodging Trust’s dividend payout ratio is currently 500.00%.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of institutional investors have recently added to or reduced their stakes in CLDT. Sei Investments Co. grew its holdings in shares of Chatham Lodging Trust by 97.3% during the 1st 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. Donald Smith & CO. Inc. increased its position in shares of Chatham Lodging Trust by 1.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock worth $31,902,000 after purchasing an additional 88,879 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Chatham Lodging Trust during the second quarter worth approximately $802,000. Sculptor Capital LP increased its holdings in Chatham Lodging Trust by 10.6% during the 4th quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock valued at $16,108,000 after purchasing an additional 227,500 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Chatham Lodging Trust in the first quarter valued at about $990,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Company Profile

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.