Globeflex Capital L P Invests $530,000 in Chatham Lodging Trust (REIT) $CLDT

Globeflex Capital L P purchased a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT) during the second quarter, HoldingsChannel reports. The firm purchased 40,061 shares of the real estate investment trust’s stock, valued at approximately $530,000.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. increased its stake in Chatham Lodging Trust by 97.3% during the 1st quarter. Sei Investments Co. now owns 188,438 shares of the real estate investment trust’s stock valued at $1,483,000 after purchasing an additional 92,920 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in shares of Chatham Lodging Trust by 1.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock worth $31,902,000 after buying an additional 88,879 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Chatham Lodging Trust in the second quarter worth approximately $802,000. Lazard Asset Management LLC bought a new position in shares of Chatham Lodging Trust in the first quarter worth approximately $990,000. Finally, Sculptor Capital LP grew its holdings in shares of Chatham Lodging Trust by 10.6% during the fourth quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock valued at $16,108,000 after buying an additional 227,500 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

Wall Street Analyst Weigh In

CLDT has been the subject of several analyst reports. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. BMO Capital Markets reiterated 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. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Zacks Research lowered Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.00.

Chatham Lodging Trust Price Performance

NYSE CLDT opened at $13.78 on Wednesday. The stock has a market capitalization of $643.25 million, a price-to-earnings ratio of 172.27 and a beta of 1.08. Chatham Lodging Trust has a 1-year low of $6.08 and a 1-year high of $13.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72. The business’s fifty day moving average price is $13.17 and its 200-day moving average price is $10.43.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $87.80 million during the quarter, compared to analyst estimates 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. On average, equities 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 declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 30th. Chatham Lodging Trust’s dividend payout ratio is presently 500.00%.

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.