Chatham Lodging Trust (NYSE:CLDT) Reaches New 52-Week High – Should You Buy?

Chatham Lodging Trust (REIT) (NYSE:CLDT)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $14.77 and last traded at $14.7450, with a volume of 120,637 shares traded. The stock had previously closed at $14.56.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings raised shares of Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Morgan Stanley cut shares of Chatham Lodging Trust to an “outperform” rating in a research note on Friday, October 16th. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Chatham Lodging Trust presently has an average rating of “Moderate Buy” and a consensus price target of $13.75.

Chatham Lodging Trust Trading Up 1.5%

The firm has a market capitalization of $689.74 million, a PE ratio of 184.96 and a beta of 1.11. The firm has a fifty day moving average of $13.47 and a 200 day moving average of $10.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72.

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 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 business had revenue of $87.80 million during 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. Equities research analysts expect that Chatham Lodging Trust will post 1.35 EPS for the current year.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 500.00%.

Institutional Investors Weigh In On Chatham Lodging Trust

Several institutional investors and hedge funds have recently made changes to their positions in CLDT. Sterling Capital Management LLC lifted its position in shares of Chatham Lodging Trust by 1,261.8% in the 3rd quarter. Sterling Capital Management LLC now owns 12,406 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 11,495 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Chatham Lodging Trust by 5.6% during the third quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 1,269 shares during the period. GAMMA Investing LLC lifted its stake in shares of Chatham Lodging Trust by 146.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,389 shares during the period. Farther Finance Advisors LLC boosted its stake in Chatham Lodging Trust by 102.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 938 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Chatham Lodging Trust by 37.1% during the second quarter. Sequoia Financial Advisors LLC now owns 20,601 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 5,578 shares during the period. 88.37% of the stock is owned by institutional investors and hedge funds.

About Chatham Lodging Trust

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.