Chatham Lodging Trust (NYSE:CLDT) Hits New 1-Year High – Here’s What Happened

Chatham Lodging Trust (REIT) (NYSE:CLDT) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $14.05 and last traded at $14.0340, with a volume of 36,199 shares. The stock had previously closed at $13.83.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Zacks Research lowered shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Finally, Stifel Nicolaus raised their price target on Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Chatham Lodging Trust Trading Up 1.7%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $656.33 million, a PE ratio of 175.96 and a beta of 1.11. The stock’s 50 day simple moving average is $13.22 and its 200 day simple moving average is $11.85.

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

Chatham Lodging Trust Announces Dividend

The company also recently disclosed 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 2.8%. Chatham Lodging Trust’s dividend payout ratio is 500.00%.

Institutional Trading of Chatham Lodging Trust

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Chatham Lodging Trust by 102.2% in the third quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 938 shares in the last quarter. GAMMA Investing LLC grew its position in Chatham Lodging Trust by 146.8% during the third quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,389 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Chatham Lodging Trust during the second quarter valued at approximately $34,000. PNC Financial Services Group Inc. lifted its holdings in shares of Chatham Lodging Trust by 1,071.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 6,084 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $60,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust was a self-advised lodging real estate investment trust that owned a portfolio of upscale, premium-branded select-service and extended-stay hotels in the United States. Its properties primarily operated under franchise agreements with major hospitality companies, including Marriott International, Hilton, Hyatt Hotels and InterContinental Hotels Group.

The company’s hotel portfolio included brands such as Courtyard by Marriott, Residence Inn, Homewood Suites, Hampton Inn and Hyatt Place.