Chatham Lodging Trust (NYSE:CLDT) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other equities analysts also recently weighed in on the company. Weiss Ratings raised Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Stifel Nicolaus upped their price objective 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 downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Finally, BMO Capital Markets reiterated 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.00.

Chatham Lodging Trust Stock Up 0.5%

CLDT stock opened at $12.98 on Friday. The company’s 50 day simple moving average is $13.04 and its 200-day simple moving average is $10.10. The firm has a market capitalization of $605.91 million, a PE ratio of 162.27 and a beta of 1.08. Chatham Lodging Trust has a 12 month low of $6.08 and a 12 month high of $13.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 business 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 analysts expect that Chatham Lodging Trust will post 1.33 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. Chatham Lodging Trust’s dividend payout ratio (DPR) is 500.00%.

Institutional Trading of Chatham Lodging Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in Chatham Lodging Trust in the 2nd quarter valued at $4,537,000. Canada Pension Plan Investment Board acquired a new stake in shares of Chatham Lodging Trust during the second quarter worth $704,000. Legal & General Group Plc acquired a new stake in shares of Chatham Lodging Trust during the second quarter worth $60,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Chatham Lodging Trust during the second quarter worth $154,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Chatham Lodging Trust in the second quarter valued at $590,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

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.