Chatham Lodging Trust (NYSE:CLDT) Sets New 52-Week High – Still a Buy?

Chatham Lodging Trust (REIT) (NYSE:CLDT) reached a new 52-week high during trading on Wednesday. The company traded as high as $14.77 and last traded at $14.7450, with a volume of 120,637 shares changing hands. The stock had previously closed at $14.56.

Analyst Ratings Changes

CLDT has been the subject of a number of research reports. Stifel Nicolaus restated a “buy” rating and issued a $15.50 price target (up from $15.00) on shares of Chatham Lodging Trust in a report on Friday, October 16th. Morgan Stanley cut Chatham Lodging Trust to an “outperform” rating in a research report on Friday, October 16th. Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research upgraded Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.75.

Chatham Lodging Trust Stock Performance

The firm has a market cap of $686.91 million, a price-to-earnings ratio of 183.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50 day moving average is $13.54 and its 200-day moving average is $10.86.

Chatham Lodging Trust (NYSE:CLDT) last posted 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 for the quarter, compared to analysts’ expectations 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. Sell-side analysts anticipate that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Chatham Lodging Trust’s dividend payout ratio is 500.00%.

Institutional Trading of Chatham Lodging Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of CLDT. Farther Finance Advisors LLC lifted its stake in shares of Chatham Lodging Trust by 102.2% in the 3rd 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 period. State of Alaska Department of Revenue grew its holdings in Chatham Lodging Trust by 5.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 1,269 shares during the period. GAMMA Investing LLC grew its position in shares of Chatham Lodging Trust by 146.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,389 shares during the period. State of Wyoming raised its holdings in shares of Chatham Lodging Trust by 7.7% in the 3rd quarter. State of Wyoming now owns 33,539 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 2,402 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $34,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

About Chatham Lodging Trust

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.