Chatham Lodging Trust (NYSE:CLDT) Stock Passes Below 50 Day Moving Average – What’s Next?

Chatham Lodging Trust (REIT) (NYSE:CLDT) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.16 and traded as low as $12.66. Chatham Lodging Trust shares last traded at $12.9570, with a volume of 662,538 shares traded.

Analyst Ratings Changes

CLDT has been the subject of a number of research reports. BMO Capital Markets reissued a “market perform” rating and set a $12.00 target price on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Stifel Nicolaus raised their target price on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 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, Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Chatham Lodging Trust presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Chatham Lodging Trust Price Performance

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 stock has a market capitalization of $604.83 million, a PE ratio of 161.98 and a beta of 1.08. The business’s 50-day moving average price is $13.16 and its 200 day moving average price is $11.11.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share 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 firm 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. Research analysts forecast that Chatham Lodging Trust will post 1.35 earnings per share for the current year.

Chatham Lodging Trust Dividend Announcement

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

Hedge Funds Weigh In On Chatham Lodging Trust

Several institutional investors and hedge funds have recently made changes to their positions in CLDT. Integrated Wealth Concepts LLC purchased a new position in shares of Chatham Lodging Trust in the second quarter worth about $34,000. PNC Financial Services Group Inc. increased its stake in shares of Chatham Lodging Trust by 1,071.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 6,084 shares during the period. Legal & General Group Plc bought a new stake in Chatham Lodging Trust in the 2nd quarter worth $60,000. Quantbot Technologies LP bought a new position in shares of Chatham Lodging Trust during the second quarter valued at about $69,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Chatham Lodging Trust in the second quarter worth about $80,000. Institutional investors own 88.37% of the company’s stock.

About Chatham Lodging Trust

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.