Chatham Lodging Trust (REIT) (CLDT) To Go Ex-Dividend on December 31st

Chatham Lodging Trust (REIT) (NYSE:CLDT) declared a quarterly dividend on Wednesday, December 10th. Investors of record on Wednesday, December 31st will be given a dividend of 0.09 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, December 31st.

Chatham Lodging Trust has decreased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 2 years. Chatham Lodging Trust has a dividend payout ratio of 720.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Chatham Lodging Trust to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 32.1%.

Chatham Lodging Trust Trading Up 0.1%

Shares of Chatham Lodging Trust stock opened at $6.88 on Monday. The stock has a market capitalization of $334.01 million, a PE ratio of 688.40 and a beta of 1.12. Chatham Lodging Trust has a 52 week low of $5.83 and a 52 week high of $9.27. The stock has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $6.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.81 and a current ratio of 0.81.

Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Chatham Lodging Trust had a return on equity of 1.11% and a net margin of 2.89%.The company had revenue of $78.41 million for the quarter, compared to analyst estimates of $79.68 million. Chatham Lodging Trust has set its FY 2025 guidance at 0.960-0.990 EPS and its Q4 2025 guidance at 0.140-0.17 EPS. As a group, equities analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Institutional Trading of Chatham Lodging Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Sculptor Capital LP purchased a new position in Chatham Lodging Trust during the second quarter worth about $14,901,000. Ameriprise Financial Inc. boosted its stake in shares of Chatham Lodging Trust by 413.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock worth $5,464,000 after buying an additional 655,265 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Chatham Lodging Trust by 394.2% in the second quarter. AQR Capital Management LLC now owns 486,346 shares of the real estate investment trust’s stock valued at $3,390,000 after acquiring an additional 387,937 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Chatham Lodging Trust by 37.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 880,880 shares of the real estate investment trust’s stock valued at $6,281,000 after acquiring an additional 239,793 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Chatham Lodging Trust during the first quarter valued at approximately $1,406,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

About Chatham Lodging Trust

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.