Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Chatham Lodging Trust (REIT) $CLDT

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) in the second quarter, HoldingsChannel.com reports. The fund acquired 41,500 shares of the real estate investment trust’s stock, valued at approximately $549,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLDT. Tower Research Capital LLC TRC increased its holdings in shares of Chatham Lodging Trust by 195.0% during the 2nd 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 last quarter. PNC Financial Services Group Inc. raised its stake in Chatham Lodging Trust by 1,071.1% in 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 acquiring an additional 6,084 shares during the period. Advisory Services Network LLC acquired a new stake in Chatham Lodging Trust during the 3rd quarter valued at $52,000. Quarry LP lifted its holdings 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 last quarter. Finally, Strs Ohio bought a new position in Chatham Lodging Trust during the first quarter worth $61,000. 88.37% of the stock is currently owned by institutional investors.

Chatham Lodging Trust Price Performance

Shares of NYSE CLDT opened at $13.57 on Friday. The firm has a market cap of $633.45 million, a P/E ratio of 169.65 and a beta of 1.08. 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 has a 1-year low of $6.08 and a 1-year high of $13.88. The business’s 50 day moving average is $13.14 and its 200-day moving average is $10.32.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating 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 return on equity of 1.56% and a net margin of 4.00%.Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Equities research analysts predict that Chatham Lodging Trust will post 1.33 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.9%. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 500.00%.

Wall Street Analysts Forecast Growth

CLDT has been the topic of several research reports. Zacks Research downgraded shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. BMO Capital Markets restated a “market perform” rating and set a $12.00 target price on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Stifel Nicolaus raised 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 note on Tuesday, July 14th. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.00.

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.