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

Key Points

• Chatham Lodging Trust declared a quarterly dividend of $0.10 per share, payable January 15 to shareholders of record December 30. That annualizes to $0.40 per share, or a 2.7% yield.
• The dividend payout ratio is currently reported at 800%, meaning earnings alone do not cover payments. Analysts forecast $1.40 in next-year earnings per share, which would imply a lower 28.6% payout ratio.
• Analysts give the stock a consensus “Moderate Buy” rating, with an average price target of $14.25; the article reports shares opened at $14.94.

Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Wednesday, December 30th will be given a dividend of $0.10 per share by the real estate investment trust on Friday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, December 30th.

Chatham Lodging Trust has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Chatham Lodging Trust to earn $1.40 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 28.6%.

Chatham Lodging Trust Stock Down 1.0%

Chatham Lodging Trust stock opened at $14.94 on Friday. The company's 50 day simple moving average is $13.68 and its 200 day simple moving average is $11.06. Chatham Lodging Trust has a fifty-two week low of $6.38 and a fifty-two week high of $15.76. The firm has a market capitalization of $697.59 million, a price-to-earnings ratio of 186.82 and a beta of 1.11. 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 issued its quarterly earnings data 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 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. As a group, sell-side analysts anticipate that Chatham Lodging Trust will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CLDT. Stifel Nicolaus set a $16.50 target price on shares of Chatham Lodging Trust in a research note on Thursday. Wall Street Zen upgraded Chatham Lodging Trust from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings raised Chatham Lodging Trust from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Alliance Global Partners reissued a "buy" rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Finally, Zacks Research raised Chatham Lodging Trust from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.25.

About Chatham Lodging Trust

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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