Chatham Lodging Trust (REIT) (CLDT) – What Are Brokerages Saying About This Stock?

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) have received an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.00.

Several analysts recently commented on CLDT shares. Stifel Nicolaus raised their target price on Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Zacks Research lowered Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday.

Hedge Funds Weigh In On Chatham Lodging Trust

Several large investors have recently bought and sold shares of CLDT. Bank of New York Mellon Corp acquired a new stake in Chatham Lodging Trust in the second quarter worth approximately $2,953,000. Sei Investments Co. boosted its stake in 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 valued at $1,483,000 after purchasing an additional 92,920 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Chatham Lodging Trust during the 2nd quarter valued at $704,000. Bank of America Corp DE bought a new position in Chatham Lodging Trust during the 2nd quarter valued at $4,978,000. Finally, Hsbc Holdings PLC increased its position in shares of Chatham Lodging Trust by 185.1% during the 2nd quarter. Hsbc Holdings PLC now owns 340,613 shares of the real estate investment trust’s stock valued at $4,537,000 after purchasing an additional 221,150 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Trading Down 0.4%

Chatham Lodging Trust stock opened at $13.59 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $13.19 and a two-hundred day moving average price of $11.70. The firm has a market capitalization of $634.57 million, a price-to-earnings ratio of 169.95 and a beta of 1.11. Chatham Lodging Trust has a 52-week low of $6.08 and a 52-week high of $14.05.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $87.80 million for the quarter, compared to analyst estimates of $82.01 million. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Sell-side analysts expect that Chatham Lodging Trust will post 1.35 earnings per share for the current year.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.40 annualized dividend and a yield of 2.9%. Chatham Lodging Trust’s dividend payout ratio is presently 500.00%.

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.