Chatham Lodging Trust (REIT) (NYSE:CLDT) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Three of five brokerages rate Chatham Lodging Trust a hold, while two recommend buying. The average 12-month price target is $13.00, with Stifel raising its target to $14.00.
• Quarterly results exceeded expectations: Chatham reported adjusted earnings of $0.13 per share versus the $0.11 consensus estimate, while revenue reached $87.8 million compared with forecasts of $82.01 million.
• The stock and dividend remain notable: Shares opened at $12.69, down 2.7%, while the company declared a quarterly dividend of $0.10, representing a 3.2% annualized yield. Institutional investors own approximately 88.37% of the stock.

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report) have earned an average rating of "Hold" from the five brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.00.

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Chatham Lodging Trust from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Alliance Global Partners reissued a "buy" rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Stifel Nicolaus raised their price target on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Chatham Lodging Trust from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $12.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, June 12th.

Chatham Lodging Trust Stock Down 2.7%

CLDT opened at $12.69 on Wednesday. The company has a market cap of $592.32 million, a P/E ratio of 158.63 and a beta of 1.08. The business's 50-day moving average price is $13.14 and its 200-day moving average price is $10.83. 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 $13.89.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates 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 company 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. On average, equities analysts expect that Chatham Lodging Trust will post 1.33 EPS for the current year.

Chatham Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. Chatham Lodging Trust's dividend payout ratio (DPR) is presently 500.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC grew its position in shares of Chatham Lodging Trust by 9.1% in the 3rd quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust's stock worth $163,000 after buying an additional 2,017 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Chatham Lodging Trust by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust's stock valued at $4,190,000 after acquiring an additional 2,496 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Chatham Lodging Trust by 8.4% during the second quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 2,642 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Chatham Lodging Trust by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust's stock valued at $5,479,000 after acquiring an additional 2,894 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Chatham Lodging Trust by 5.3% in the fourth quarter. Russell Investments Group Ltd. now owns 63,786 shares of the real estate investment trust's stock worth $434,000 after acquiring an additional 3,186 shares during the period. Hedge funds and other institutional investors own 88.37% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.