Chatham Lodging Trust (NYSE:CLDT) Share Price Passes Below 50 Day Moving Average - Should You Sell?

Key Points

• Chatham Lodging Trust's share price fell below its 50-day moving average of $6.96, closing at $6.57, after trading as low as $6.48.
• Weiss Ratings upgraded Chatham Lodging Trust from a "sell" to a "hold" rating, with two analysts giving a "Buy" rating and one a "Hold," resulting in a consensus rating of "Moderate Buy" and an average target price of $10.75.
• The company announced a quarterly dividend of $0.09, translating to an annualized dividend yield of 5.5%, with a high dividend payout ratio of 1,200%.

Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report)'s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.96 and traded as low as $6.48. Chatham Lodging Trust shares last traded at $6.57, with a volume of 322,723 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Chatham Lodging Trust from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Chatham Lodging Trust Trading Up 0.5%

The business has a fifty day moving average of $6.96 and a 200-day moving average of $7.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $321.79 million, a P/E ratio of 219.00 and a beta of 1.44.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Chatham Lodging Trust had a return on equity of 1.19% and a net margin of 3.04%.The company had revenue of $80.29 million for the quarter, compared to analysts' expectations of $79.67 million. Analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Tuesday, September 30th. Chatham Lodging Trust's dividend payout ratio (DPR) is currently 1,200.00%.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of large investors have recently modified their holdings of CLDT. Tower Research Capital LLC TRC raised its position in Chatham Lodging Trust by 195.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 3,858 shares during the last quarter. State of Wyoming purchased a new stake in Chatham Lodging Trust in the 1st quarter valued at $47,000. Strs Ohio purchased a new stake in Chatham Lodging Trust in the 1st quarter valued at $61,000. Acadian Asset Management LLC purchased a new stake in Chatham Lodging Trust in the 1st quarter valued at $62,000. Finally, Quarry LP raised its position in Chatham Lodging Trust by 38.1% in the 1st quarter. Quarry LP now owns 10,341 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 2,854 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors.

About Chatham Lodging Trust

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.

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