Chatham Lodging Trust (REIT) (NYSE:CLDT) Sees Significant Decrease in Short Interest

Chatham Lodging Trust (REIT) (NYSE:CLDT) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 609,114 shares, a drop of 16.7% from the February 12th total of 731,161 shares. Based on an average daily volume of 290,279 shares, the short-interest ratio is presently 2.1 days. Currently, 1.4% of the shares of the stock are short sold. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 290,279 shares, the short-interest ratio is presently 2.1 days.

Chatham Lodging Trust Trading Down 0.4%

CLDT stock traded down $0.03 during midday trading on Tuesday, hitting $7.78. The stock had a trading volume of 203,531 shares, compared to its average volume of 335,121. The firm has a market cap of $367.61 million, a P/E ratio of 55.57 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. Chatham Lodging Trust has a 1-year low of $5.83 and a 1-year high of $8.44. The business has a fifty day moving average price of $7.40 and a two-hundred day moving average price of $7.00.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 1.92% and a net margin of 5.10%.Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. On average, sell-side analysts predict that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, March 31st. This is an increase from Chatham Lodging Trust’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 5.1%. Chatham Lodging Trust’s dividend payout ratio is presently 257.14%.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of Chatham Lodging Trust by 26.7% during the 1st quarter. Royal Bank of Canada now owns 193,422 shares of the real estate investment trust’s stock valued at $1,379,000 after acquiring an additional 40,746 shares during the period. AQR Capital Management LLC increased its stake in Chatham Lodging Trust by 35.8% in the first quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock valued at $702,000 after purchasing an additional 25,926 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Chatham Lodging Trust by 6.6% during the first quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock valued at $2,064,000 after purchasing an additional 18,030 shares during the period. Acadian Asset Management LLC bought a new position in shares of Chatham Lodging Trust during the 1st quarter worth about $62,000. Finally, Strs Ohio bought a new position in shares of Chatham Lodging Trust during the 1st quarter worth about $61,000. 88.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CLDT shares. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of Chatham Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus set a $10.00 price target on shares of Chatham Lodging Trust in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Chatham Lodging Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

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.