Chatham Lodging Trust (REIT) (NYSE:CLDT) Receives $13.00 Consensus Price Target from Analysts

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $13.00.

CLDT has been the subject of a number of research reports. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings raised Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th.

Institutional Trading of Chatham Lodging Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Chatham Lodging Trust by 26.7% in 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 purchasing an additional 40,746 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Chatham Lodging Trust by 35.8% during the first quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 25,926 shares during the last quarter. Jane Street Group LLC raised its stake 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 worth $2,064,000 after buying an additional 18,030 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Chatham Lodging Trust in the first quarter valued at approximately $62,000. Finally, Strs Ohio acquired a new position in Chatham Lodging Trust in the first quarter valued at approximately $61,000. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Trading Up 2.4%

CLDT opened at $13.29 on Friday. Chatham Lodging Trust has a 1-year low of $6.08 and a 1-year high of $13.88. The stock has a market capitalization of $620.19 million, a PE ratio of 166.10 and a beta of 1.08. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $13.11 and a two-hundred day moving average price of $10.25.

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, topping analysts’ consensus estimates 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 for 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. As a group, equities analysts anticipate that Chatham Lodging Trust will post 1.33 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) 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.