Chatham Lodging Trust (REIT) (NYSE:CLDT) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts hold a neutral view: Chatham Lodging Trust has a consensus “Hold” rating from five analysts—three holds and two buys—with an average 12-month price target of $13.00.
• Institutional ownership is substantial: Hedge funds and other institutions own 88.37% of CLDT shares, with BlackRock acquiring a new position valued at approximately $118.7 million.
• Quarterly results exceeded expectations: The REIT reported $0.13 in earnings per share and $87.8 million in revenue, beating analyst estimates, while declaring a $0.10 quarterly dividend, equivalent to a 2.9% annualized yield.

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report) have been assigned a consensus rating of "Hold" from the five ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.00.

CLDT has been the subject of several research reports. Stifel Nicolaus raised 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 report on Tuesday, July 14th. Wall Street Zen raised Chatham Lodging Trust from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Zacks Research lowered Chatham Lodging Trust from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded Chatham Lodging Trust from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $12.00 price target on shares of Chatham Lodging Trust in a report on Friday, June 12th.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of hedge funds and other institutional investors have recently modified their holdings of CLDT. BlackRock Inc. acquired a new position in shares of Chatham Lodging Trust in the second quarter valued at about $118,707,000. Donald Smith & CO. Inc. raised its stake in Chatham Lodging Trust by 1.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust's stock worth $31,902,000 after purchasing an additional 88,879 shares in the last quarter. Sculptor Capital LP boosted its holdings in Chatham Lodging Trust by 10.6% in the 4th quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust's stock valued at $16,108,000 after purchasing an additional 227,500 shares during the period. Kennedy Capital Management LLC boosted its holdings in Chatham Lodging Trust by 0.4% in the 4th quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust's stock valued at $5,479,000 after purchasing an additional 2,894 shares during the period. Finally, Aegis Financial Corp acquired a new position in shares of Chatham Lodging Trust during the 4th quarter worth approximately $4,621,000. Institutional investors and hedge funds own 88.37% of the company's stock.

Chatham Lodging Trust Price Performance

NYSE:CLDT opened at $13.69 on Friday. The company has a market cap of $639.10 million, a P/E ratio of 171.16 and a beta of 1.11. The firm's fifty day moving average price is $13.17 and its two-hundred day moving average price is $11.49. Chatham Lodging Trust has a one year low of $6.08 and a one year high of $13.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last posted its 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 company 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. Equities analysts expect that Chatham Lodging Trust will post 1.35 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.40 annualized dividend and a yield of 2.9%. Chatham Lodging Trust's dividend payout ratio (DPR) is presently 500.00%.

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.

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