Chatham Lodging Trust’s (CLDT) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Chatham Lodging Trust (NYSE:CLDT) in a research note issued to investors on Friday, Marketbeat reports. Stifel Nicolaus currently has a $15.50 price target on the real estate investment trust’s stock, up from their prior price target of $15.00.

Several other equities analysts also recently issued reports on CLDT. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.75.

Chatham Lodging Trust Trading Up 0.0%

Shares of Chatham Lodging Trust stock opened at $14.06 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. Chatham Lodging Trust has a 12-month low of $6.08 and a 12-month high of $14.74. The firm has a market capitalization of $656.13 million, a price-to-earnings ratio of 175.72 and a beta of 1.11. The firm’s 50 day simple moving average is $13.27 and its two-hundred day simple moving average is $11.94.

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 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 analysts’ expectations of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Analysts predict that Chatham Lodging Trust will post 1.35 EPS for the current year.

Chatham Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, September 30th. Chatham Lodging Trust’s payout ratio is presently 500.00%.

Institutional Trading of Chatham Lodging Trust

Several large investors have recently made changes to their positions in CLDT. BlackRock Inc. purchased a new position in shares of Chatham Lodging Trust during the second quarter worth $118,707,000. Donald Smith & CO. Inc. acquired a new position in Chatham Lodging Trust during the second quarter valued at $52,587,000. Bank of America Corp DE acquired a new position in Chatham Lodging Trust during the second quarter valued at $4,978,000. Hsbc Holdings PLC purchased a new stake in Chatham Lodging Trust in the second quarter valued at $4,537,000. Finally, Bank of New York Mellon Corp purchased a new stake in Chatham Lodging Trust in the second quarter valued at $2,953,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust was a self-advised lodging real estate investment trust that owned a portfolio of upscale, premium-branded select-service and extended-stay hotels in the United States. Its properties primarily operated under franchise agreements with major hospitality companies, including Marriott International, Hilton, Hyatt Hotels and InterContinental Hotels Group.

The company’s hotel portfolio included brands such as Courtyard by Marriott, Residence Inn, Homewood Suites, Hampton Inn and Hyatt Place.