Brokerages Set Chatham Lodging Trust (REIT) (NYSE:CLDT) PT at $13.00

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.00.

Several analysts have issued reports on the stock. Stifel Nicolaus increased their price objective 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. Zacks Research lowered shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 target price on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th.

Chatham Lodging Trust Stock Performance

NYSE CLDT opened at $13.05 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72. Chatham Lodging Trust has a 1-year low of $6.08 and a 1-year high of $13.89. The business’s 50-day simple moving average is $13.15 and its 200-day simple moving average is $11.02. The firm has a market capitalization of $609.17 million, a P/E ratio of 163.15 and a beta of 1.08.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. The company had revenue of $87.80 million during the quarter, compared to analyst estimates of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Equities analysts predict that Chatham Lodging Trust will post 1.35 EPS for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 3.1%. Chatham Lodging Trust’s dividend payout ratio is currently 500.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CLDT. Sequoia Financial Advisors LLC raised its position in Chatham Lodging Trust by 37.1% in the second quarter. Sequoia Financial Advisors LLC now owns 20,601 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 5,578 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Chatham Lodging Trust during the 2nd quarter valued at $213,000. Integrated Wealth Concepts LLC purchased a new stake in Chatham Lodging Trust in the 2nd quarter worth about $34,000. NewEdge Advisors LLC lifted its position in shares of Chatham Lodging Trust by 23.6% in the second quarter. NewEdge Advisors LLC now owns 25,391 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 4,845 shares in the last quarter. Finally, Corient Private Wealth LP lifted its position in Chatham Lodging Trust by 43.1% in the 2nd quarter. Corient Private Wealth LP now owns 15,182 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 4,574 shares in the last quarter. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale, premium-branded hotels in the United States. Its portfolio focused primarily on select-service and extended-stay properties serving business and leisure travelers, with brands affiliated with major hotel companies such as Marriott International, Hilton Worldwide and Hyatt Hotels.

The company’s hotel portfolio included properties operating under brands such as Courtyard by Marriott, Residence Inn by Marriott, Homewood Suites by Hilton and Hampton by Hilton.