Chatham Lodging Trust (REIT) (NYSE:CLDT) Declares $0.10 Quarterly Dividend

Key Points

• Chatham Lodging Trust declared a quarterly dividend of $0.10 per share, payable October 15 to shareholders of record on September 30. The dividend equates to $0.40 annually and a 3.2% yield.
• The REIT’s current 800% payout ratio indicates that earnings do not presently cover the dividend, although analysts expect earnings of $1.38 per share next year, implying a projected payout ratio of 29%.
• Chatham reported quarterly earnings of $0.13 per share, exceeding the $0.11 analyst consensus, while revenue of $87.8 million also surpassed estimates.

Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report) declared a quarterly dividend on Tuesday, September 8th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.10 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, September 30th.

Chatham Lodging Trust has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Chatham Lodging Trust has a payout ratio of 800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Chatham Lodging Trust to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 29.0%.

Chatham Lodging Trust Price Performance

Shares of CLDT traded down $0.35 during mid-day trading on Tuesday, reaching $12.69. The company had a trading volume of 245,458 shares, compared to its average volume of 335,055. The company's 50-day moving average is $13.15 and its 200-day moving average is $10.79. 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 has a twelve month low of $6.08 and a twelve month high of $13.89. The company has a market capitalization of $592.34 million, a P/E ratio of 158.63 and a beta of 1.08.

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, topping 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 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 anticipate that Chatham Lodging Trust will post 1.33 EPS for the current year.

Chatham Lodging Trust Company Profile

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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