Marquette Asset Management LLC Buys New Shares in Chatham Lodging Trust (REIT) $CLDT

Marquette Asset Management LLC bought a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT) in the 2nd quarter, Holdings Channel.com reports. The fund bought 60,629 shares of the real estate investment trust’s stock, valued at approximately $802,000.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in shares of Chatham Lodging Trust by 195.0% in 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 acquiring an additional 3,858 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Chatham Lodging Trust during the third quarter worth about $52,000. PNC Financial Services Group Inc. raised its stake in 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 period. Quarry LP raised its stake in Chatham Lodging Trust by 61.9% during the 3rd quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 3,300 shares during the period. Finally, Strs Ohio bought a new stake in Chatham Lodging Trust during the 1st quarter valued at approximately $61,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Analyst Upgrades and Downgrades

CLDT has been the subject of several recent analyst reports. BMO Capital Markets restated a “market perform” rating and issued a $12.00 price target on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Stifel Nicolaus upped their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Zacks Research raised shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Chatham Lodging Trust Trading Down 1.3%

Shares of CLDT opened at $12.43 on Tuesday. The stock has a market capitalization of $580.23 million, a PE ratio of 155.39 and a beta of 1.08. The company’s fifty day moving average is $12.91 and its 200 day moving average is $9.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72. Chatham Lodging Trust has a fifty-two week low of $6.08 and a fifty-two week high of $13.88.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data 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. 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 analyst estimates of $82.01 million. 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 1.33 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, June 30th. Chatham Lodging Trust’s dividend 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.