Public Employees Retirement System of Ohio Takes Position in Chatham Lodging Trust (REIT) $CLDT

Public Employees Retirement System of Ohio acquired a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT) during the second quarter, HoldingsChannel.com reports. The fund acquired 71,750 shares of the real estate investment trust’s stock, valued at approximately $949,000.

Several other large investors have also recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in Chatham Lodging Trust during the second quarter valued at approximately $60,000. Quantbot Technologies LP purchased a new position in Chatham Lodging Trust in the second quarter worth $69,000. Tower Research Capital LLC TRC increased its position in shares of Chatham Lodging Trust by 195.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,858 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Chatham Lodging Trust during the second quarter worth $80,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Chatham Lodging Trust by 1,071.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 6,084 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zacks Research cut Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Stifel Nicolaus raised their price target on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, BMO Capital Markets restated a “market perform” rating and set a $12.00 price target on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.00.

Chatham Lodging Trust Trading Up 1.1%

NYSE CLDT opened at $12.87 on Thursday. The company has a fifty day simple moving average of $13.14 and a two-hundred day simple moving average of $10.87. The stock has a market cap of $600.54 million, a P/E ratio of 160.83 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.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $87.80 million during the quarter, compared to the consensus estimate 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. On average, analysts forecast that Chatham Lodging Trust will post 1.33 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. Chatham Lodging Trust’s payout ratio is currently 500.00%.

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.