Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Thursday, November 10th. Stockholders of record on Wednesday, November 30th will be given a dividend of 0.11 per share on Friday, December 30th. This represents a $1.32 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Monday, November 28th.

Shares of Chatham Lodging Trust (NYSE:CLDT) opened at 19.54 on Wednesday. The stock has a 50 day moving average of $18.34 and a 200 day moving average of $20.67. The company has a market cap of $747.37 million, a price-to-earnings ratio of 22.69 and a beta of 1.03. Chatham Lodging Trust has a 52-week low of $16.12 and a 52-week high of $24.80.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $79.73 million for the quarter, compared to analysts’ expectations of $80.51 million. Chatham Lodging Trust had a net margin of 11.34% and a return on equity of 4.82%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, equities research analysts expect that Chatham Lodging Trust will post $2.23 EPS for the current year.

Dividend History for Chatham Lodging Trust (NYSE:CLDT)

CLDT has been the topic of a number of research reports. Barclays PLC reissued a “hold” rating and issued a $18.00 price objective on shares of Chatham Lodging Trust in a report on Monday, November 7th. FBR & Co dropped their price objective on shares of Chatham Lodging Trust from $22.00 to $20.00 and set a “mkt perform” rating on the stock in a report on Monday, November 7th. TheStreet downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Finally, Cantor Fitzgerald downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Wednesday, October 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Chatham Lodging Trust currently has an average rating of “Hold” and a consensus target price of $21.17.

In related news, Chairman Jeffrey H. Fisher acquired 25,000 shares of Chatham Lodging Trust stock in a transaction dated Monday, November 7th. The shares were purchased at an average price of $17.35 per share, for a total transaction of $433,750.00. Following the completion of the transaction, the chairman now directly owns 701,747 shares in the company, valued at approximately $12,175,310.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Dennis M. Craven acquired 2,000 shares of Chatham Lodging Trust stock in a transaction dated Monday, November 7th. The shares were bought at an average price of $17.23 per share, for a total transaction of $34,460.00. Following the transaction, the chief operating officer now owns 81,051 shares of the company’s stock, valued at $1,396,508.73. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its stake in Chatham Lodging Trust by 23.1% in the second quarter. Thrivent Financial for Lutherans now owns 121,117 shares of the company’s stock valued at $2,662,000 after buying an additional 22,720 shares during the last quarter. Raymond James & Associates boosted its stake in Chatham Lodging Trust by 3.7% in the second quarter. Raymond James & Associates now owns 122,920 shares of the company’s stock valued at $2,702,000 after buying an additional 4,381 shares during the last quarter. WBI Investments Inc. bought a new stake in Chatham Lodging Trust during the second quarter valued at about $1,989,000. Teachers Advisors Inc. boosted its stake in 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 last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Chatham Lodging Trust by 10.0% in the second quarter. TIAA CREF Investment Management LLC now owns 205,601 shares of the company’s stock valued at $4,519,000 after buying an additional 18,713 shares during the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.

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About Chatham Lodging Trust

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.

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