Chatham Lodging Trust (REIT) (NYSE:CLDT) Receives $13.00 Average PT from Brokerages

Chatham Lodging Trust (REIT) (NYSE:CLDT) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.00.

A number of research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. BMO Capital Markets restated a “market perform” rating and issued a $12.00 target price on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Weiss Ratings raised Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Chatham Lodging Trust by 26.7% in the 1st quarter. Royal Bank of Canada now owns 193,422 shares of the real estate investment trust’s stock valued at $1,379,000 after acquiring an additional 40,746 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Chatham Lodging Trust by 35.8% during the 1st quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock valued at $702,000 after purchasing an additional 25,926 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Chatham Lodging Trust by 6.6% in the 1st quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock worth $2,064,000 after purchasing an additional 18,030 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Chatham Lodging Trust in the 1st quarter worth approximately $62,000. Finally, Strs Ohio bought a new stake in shares of Chatham Lodging Trust in the 1st quarter worth approximately $61,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Performance

Shares of CLDT opened at $13.57 on Friday. The firm has a 50-day moving average price of $13.14 and a 200 day moving average price of $10.32. The firm has a market capitalization of $633.45 million, a PE ratio of 169.65 and a beta of 1.08. 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 has a 52-week low of $6.08 and a 52-week high of $13.88.

Chatham Lodging Trust (NYSE:CLDT) last released its 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. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. The firm 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, sell-side analysts anticipate 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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.40 annualized dividend and a yield of 2.9%. Chatham Lodging Trust’s dividend payout ratio (DPR) 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.