Public Employees Retirement System of Ohio Invests $949,000 in Chatham Lodging Trust (REIT) $CLDT

Public Employees Retirement System of Ohio purchased a new stake in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 71,750 shares of the real estate investment trust’s stock, valued at approximately $949,000. Public Employees Retirement System of Ohio owned approximately 0.15% of Chatham Lodging Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of CLDT. BlackRock Inc. bought a new position in Chatham Lodging Trust in the second quarter worth approximately $118,707,000. Donald Smith & CO. Inc. purchased a new position in Chatham Lodging Trust during the 2nd quarter worth $52,587,000. Sculptor Capital LP bought a new stake in Chatham Lodging Trust during the 2nd quarter valued at $14,901,000. Aegis Financial Corp bought a new stake in Chatham Lodging Trust during the 4th quarter valued at $4,621,000. Finally, Ameriprise Financial Inc. lifted its holdings 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 period. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CLDT. Weiss Ratings raised Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Zacks Research cut shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Stifel Nicolaus raised their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.00.

Chatham Lodging Trust Stock Performance

Shares of NYSE:CLDT opened at $12.87 on Thursday. The firm has a 50 day moving average of $13.14 and a 200 day moving average of $10.87. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $600.54 million, a price-to-earnings ratio of 160.83 and a beta of 1.08. Chatham Lodging Trust has a 52 week low of $6.08 and a 52 week high of $13.89.

Chatham Lodging Trust (NYSE:CLDT) last announced its 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. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%.The business had revenue of $87.80 million for the quarter, compared to analysts’ expectations of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, sell-side analysts predict that Chatham Lodging Trust will post 1.33 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 500.00%.

Chatham Lodging Trust 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.