Chatham Lodging Trust (NYSE:CLDT) Hits New 52-Week High – What’s Next?

Chatham Lodging Trust (REIT) (NYSE:CLDT) hit a new 52-week high during trading on Thursday . The stock traded as high as $10.73 and last traded at $10.7310, with a volume of 132466 shares. The stock had previously closed at $10.67.

Analysts Set New Price Targets

CLDT has been the subject of several analyst reports. Weiss Ratings downgraded Chatham Lodging Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Stifel Nicolaus raised their target price on Chatham Lodging Trust from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a research note on Friday, May 8th. Finally, Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chatham Lodging Trust currently has an average rating of “Hold” and an average target price of $11.00.

Chatham Lodging Trust Stock Up 0.0%

The company has a market cap of $499.11 million, a P/E ratio of 534.60 and a beta of 1.05. The company has a 50 day moving average of $8.69 and a 200-day moving average of $7.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The business had revenue of $67.74 million for the quarter, compared to the consensus estimate of $67.22 million. Chatham Lodging Trust had a net margin of 3.14% and a return on equity of 1.18%. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. On average, equities analysts predict that Chatham Lodging Trust will post 1.27 earnings per share for the current year.

Chatham Lodging Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.10 per share. This is a positive change from Chatham Lodging Trust’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Chatham Lodging Trust’s dividend payout ratio is 2,000.00%.

Institutional Investors Weigh In On Chatham Lodging Trust

Large investors have recently added to or reduced their stakes in the business. Sculptor Capital LP bought a new stake in Chatham Lodging Trust during the second quarter worth about $14,901,000. Aegis Financial Corp bought a new stake in Chatham Lodging Trust during the fourth quarter worth about $4,621,000. Ameriprise Financial Inc. lifted its stake in Chatham Lodging Trust by 413.3% during the third quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock worth $5,464,000 after purchasing an additional 655,265 shares during the last quarter. AQR Capital Management LLC lifted its stake in Chatham Lodging Trust by 394.2% during the second quarter. AQR Capital Management LLC now owns 486,346 shares of the real estate investment trust’s stock worth $3,390,000 after purchasing an additional 387,937 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in Chatham Lodging Trust by 24.0% during the third quarter. Kennedy Capital Management LLC now owns 801,619 shares of the real estate investment trust’s stock worth $5,379,000 after purchasing an additional 155,023 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

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.