Chatham Lodging Trust (REIT) (CLDT) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Chatham Lodging Trust has a consensus “Moderate Buy” rating, with three buys, one strong buy and two holds. The average 12-month price target is $13.75.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 88.37% of CLDT, with BlackRock and Donald Smith & Co. among investors that recently acquired stakes.
• Shares have risen sharply: CLDT opened at $14.87, near its 12-month high of $14.92, while the company recently beat quarterly earnings and maintains a $0.40 annualized dividend, yielding about 2.7%.

Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.75.

Several equities research analysts have weighed in on the stock. Alliance Global Partners reissued a "buy" rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Morgan Stanley cut shares of Chatham Lodging Trust to an "outperform" rating in a research report on Friday, October 16th. Wall Street Zen raised shares of Chatham Lodging Trust from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Stifel Nicolaus reiterated a "buy" rating and set a $15.50 target price (up from $15.00) on shares of Chatham Lodging Trust in a report on Friday, October 16th. Finally, Zacks Research upgraded shares of Chatham Lodging Trust from a "hold" rating to a "strong-buy" rating in a report on Monday.

Institutional Investors Weigh In On Chatham Lodging Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Chatham Lodging Trust in the second quarter worth $118,707,000. Donald Smith & CO. Inc. bought a new stake in Chatham Lodging Trust in the second quarter valued at $52,587,000. Bank of America Corp DE increased its position in Chatham Lodging Trust by 3.3% during the 1st quarter. Bank of America Corp DE now owns 393,197 shares of the real estate investment trust's stock valued at $3,094,000 after purchasing an additional 12,539 shares during the period. Hsbc Holdings PLC purchased a new position in Chatham Lodging Trust during the 2nd quarter valued at $4,537,000. Finally, Bank of New York Mellon Corp purchased a new position in Chatham Lodging Trust during the 2nd quarter valued at $2,953,000. Hedge funds and other institutional investors own 88.37% of the company's stock.

Chatham Lodging Trust Stock Up 2.1%

CLDT opened at $14.87 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. The business's 50-day moving average price is $13.51 and its 200-day moving average price is $10.82. The company has a market cap of $694.18 million, a P/E ratio of 185.91 and a beta of 1.11. Chatham Lodging Trust has a 12 month low of $6.08 and a 12 month high of $14.92.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating 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 the consensus estimate of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, equities analysts expect that Chatham Lodging Trust will post 1.35 EPS for the current year.

Chatham Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. Chatham Lodging Trust's dividend payout ratio is presently 500.00%.

Chatham Lodging Trust Company Profile

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.

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