Chatham Lodging Trust (REIT) (NYSE:CLDT) Announces $0.10 Quarterly Dividend

Chatham Lodging Trust (REIT) (NYSE:CLDT) announced a quarterly dividend on Tuesday, September 8th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.10 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, September 30th.

Chatham Lodging Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Chatham Lodging Trust has a dividend payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Chatham Lodging Trust to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 29.0%.

Chatham Lodging Trust Stock Performance

Chatham Lodging Trust stock traded down $0.35 during mid-day trading on Tuesday, hitting $12.69. The company had a trading volume of 245,458 shares, compared to its average volume of 335,055. The company has a market capitalization of $592.34 million, a price-to-earnings ratio of 158.63 and a beta of 1.08. Chatham Lodging Trust has a 12-month low of $6.08 and a 12-month high of $13.89. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. The company’s fifty day moving average is $13.15 and its 200-day moving average is $10.79.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (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 during the quarter, compared to analysts’ expectations of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Equities research analysts predict that Chatham Lodging Trust will post 1.33 EPS for the current year.

Institutional Trading of Chatham Lodging Trust

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC grew its holdings in Chatham Lodging Trust by 9.1% during the 3rd quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 2,017 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Chatham Lodging Trust by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust’s stock worth $4,190,000 after acquiring an additional 2,496 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Chatham Lodging Trust by 8.4% during the second quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 2,642 shares during the period. Kennedy Capital Management LLC raised its holdings in shares of Chatham Lodging Trust by 0.4% in the 4th quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock worth $5,479,000 after purchasing an additional 2,894 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Chatham Lodging Trust by 5.3% in the fourth quarter. Russell Investments Group Ltd. now owns 63,786 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 3,186 shares in the last quarter. 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.