Chatham Lodging Trust (NYSE:CLDT) Sets New 1-Year High – Here’s What Happened

Chatham Lodging Trust (REIT) (NYSE:CLDT) hit a new 52-week high during trading on Thursday. The company traded as high as $14.85 and last traded at $14.4050, with a volume of 205 shares changing hands. The stock had previously closed at $14.33.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CLDT shares. Weiss Ratings raised Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Morgan Stanley downgraded Chatham Lodging Trust to an “outperform” rating in a research note on Friday, October 16th. Zacks Research lowered Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $15.50 price target (up from $15.00) on shares of Chatham Lodging Trust in a research report on Friday, October 16th. Three equities research 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 has an average rating of “Moderate Buy” and an average target price of $13.75.

Chatham Lodging Trust Price Performance

The company has a market cap of $672.89 million, a price-to-earnings ratio of 179.01 and a beta of 1.11. The stock’s 50-day simple moving average is $13.37 and its 200 day simple moving average is $12.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%. The company had revenue of $87.80 million for 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. On average, equities research analysts anticipate that Chatham Lodging Trust will post 1.35 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.10 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.8%. Chatham Lodging Trust’s payout ratio is currently 500.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its holdings in shares of Chatham Lodging Trust by 5.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 1,269 shares in the last quarter. GAMMA Investing LLC lifted its stake in Chatham Lodging Trust by 146.8% in the third quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,389 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Chatham Lodging Trust by 102.2% during the third quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 938 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Chatham Lodging Trust by 37.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,601 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 5,578 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Chatham Lodging Trust during the 2nd quarter worth $213,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.