Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Tuesday, October 11th. Shareholders of record on Monday, October 31st will be paid a dividend of 0.11 per share on Friday, November 25th. This represents a $1.32 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date is Thursday, October 27th.

Shares of Chatham Lodging Trust (NYSE:CLDT) opened at 18.00 on Wednesday. The firm’s 50-day moving average price is $19.77 and its 200-day moving average price is $21.28. The firm has a market capitalization of $688.34 million, a price-to-earnings ratio of 20.25 and a beta of 1.03. Chatham Lodging Trust has a 12 month low of $16.12 and a 12 month high of $24.80.

Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Wednesday, August 3rd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $78 million for the quarter, compared to the consensus estimate of $78.81 million. Chatham Lodging Trust had a return on equity of 4.93% and a net margin of 11.72%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities analysts anticipate that Chatham Lodging Trust will post $2.30 earnings per share for the current year.

Dividend History for Chatham Lodging Trust (NYSE:CLDT)

A number of large investors have recently added to or reduced their stakes in CLDT. Clinton Group Inc. increased its stake in shares of Chatham Lodging Trust by 4.0% in the second quarter. Clinton Group Inc. now owns 27,304 shares of the company’s stock valued at $600,000 after buying an additional 1,055 shares during the period. AXA increased its stake in shares of Chatham Lodging Trust by 18.5% in the second quarter. AXA now owns 29,400 shares of the company’s stock valued at $646,000 after buying an additional 4,600 shares during the period. Teachers Advisors Inc. increased its stake in shares of Chatham Lodging Trust by 2.9% in the second quarter. Teachers Advisors Inc. now owns 58,409 shares of the company’s stock valued at $1,284,000 after buying an additional 1,628 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Chatham Lodging Trust by 5.3% in the second quarter. Parametric Portfolio Associates LLC now owns 62,498 shares of the company’s stock valued at $1,374,000 after buying an additional 3,156 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Chatham Lodging Trust by 19.2% in the second quarter. Alliancebernstein L.P. now owns 68,052 shares of the company’s stock valued at $1,496,000 after buying an additional 10,962 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

A number of research firms have recently weighed in on CLDT. FBR & Co downgraded Chatham Lodging Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $26.00 to $23.00 in a research report on Thursday, August 4th. Zacks Investment Research upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Barclays PLC downgraded Chatham Lodging Trust from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $24.00 to $22.00 in a research report on Thursday, August 4th. Cantor Fitzgerald restated a “buy” rating and set a $23.50 target price on shares of Chatham Lodging Trust in a research report on Monday, August 8th. Finally, SunTrust Banks Inc. dropped their target price on Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Chatham Lodging Trust has an average rating of “Hold” and an average price target of $22.42.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels.

5 Day Chart for NYSE:CLDT

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