Short Interest in Chatham Lodging Trust (REIT) (NYSE:CLDT) Declines By 20.3%

Chatham Lodging Trust (REIT) (NYSE:CLDT) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 726,815 shares, a drop of 20.3% from the March 31st total of 912,080 shares. Based on an average trading volume of 254,922 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.7% of the company’s stock are sold short.

Chatham Lodging Trust Stock Down 0.7%

NYSE:CLDT traded down $0.06 during mid-day trading on Thursday, hitting $8.66. 262,719 shares of the company’s stock traded hands, compared to its average volume of 232,698. The company has a fifty day moving average of $8.07 and a 200 day moving average of $7.28. Chatham Lodging Trust has a twelve month low of $6.08 and a twelve month high of $8.93. The company has a market capitalization of $407.32 million, a P/E ratio of 61.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 1.33.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The business had revenue of $67.74 million for the quarter, compared to analyst estimates of $67.22 million. Chatham Lodging Trust had a net margin of 5.10% and a return on equity of 1.92%. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. On average, analysts forecast that Chatham Lodging Trust will post 1.2 EPS for the current year.

Chatham Lodging Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.40 annualized dividend and a yield of 4.6%. This is a boost from Chatham Lodging Trust’s previous quarterly dividend of $0.09. Chatham Lodging Trust’s payout ratio is presently 285.71%.

Institutional Trading of Chatham Lodging Trust

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Chatham Lodging Trust by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,105,021 shares of the real estate investment trust’s stock worth $34,255,000 after purchasing an additional 21,541 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in Chatham Lodging Trust by 1.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock valued at $31,902,000 after purchasing an additional 88,879 shares during the last quarter. Sculptor Capital LP grew its stake in Chatham Lodging Trust by 10.6% during the 4th quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock valued at $16,108,000 after purchasing an additional 227,500 shares during the last quarter. Geode Capital Management LLC grew its stake in Chatham Lodging Trust by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,291,554 shares of the real estate investment trust’s stock valued at $8,797,000 after purchasing an additional 32,861 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Chatham Lodging Trust by 23.4% during the 4th quarter. AQR Capital Management LLC now owns 1,075,565 shares of the real estate investment trust’s stock valued at $7,325,000 after purchasing an additional 204,290 shares during the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CLDT shares. Weiss Ratings upgraded Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Stifel Nicolaus lifted their price target on Chatham Lodging Trust from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research raised shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $11.00.

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.