Chatham Lodging Trust (NYSE:CLDT) Sets New 1-Year High – What’s Next?

Chatham Lodging Trust (REIT) (NYSE:CLDT)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.89 and last traded at $13.8370, with a volume of 14576 shares changing hands. The stock had previously closed at $13.79.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CLDT. BMO Capital Markets restated a “market perform” rating and set a $12.00 target price on shares of Chatham Lodging Trust in a report on Friday, June 12th. 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. Stifel Nicolaus boosted their price objective on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Zacks Research lowered shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings raised 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 assigned a Hold rating to the stock. According to MarketBeat, Chatham Lodging Trust has a consensus rating of “Hold” and a consensus target price of $13.00.

Chatham Lodging Trust Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50 day moving average price of $13.18 and a 200 day moving average price of $10.48. The stock has a market capitalization of $628.78 million, a PE ratio of 168.40 and a beta of 1.08.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping 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 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. As a group, equities research analysts expect that Chatham Lodging Trust will post 1.33 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. Chatham Lodging Trust’s payout ratio is presently 500.00%.

Hedge Funds Weigh In On Chatham Lodging Trust

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at approximately $118,707,000. Vanguard Group Inc. raised its holdings in Chatham Lodging Trust by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,105,021 shares of the real estate investment trust’s stock worth $34,255,000 after purchasing an additional 21,541 shares during the period. Donald Smith & CO. Inc. raised its stake in shares of Chatham Lodging Trust by 1.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock worth $31,902,000 after buying an additional 88,879 shares during the period. Sculptor Capital LP raised its stake in Chatham Lodging Trust by 10.6% during the 4th quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock worth $16,108,000 after acquiring an additional 227,500 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Chatham Lodging Trust by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,291,554 shares of the real estate investment trust’s stock valued at $8,797,000 after purchasing an additional 32,861 shares during the period. Hedge funds and other 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.