Hsbc Holdings PLC Has $4.54 Million Stock Position in Chatham Lodging Trust (REIT) $CLDT

Key Points

• HSBC Holdings significantly increased its CLDT stake by 185.1% in the second quarter, owning 340,613 shares valued at approximately $4.54 million, or 0.73% of Chatham Lodging Trust. Institutional investors and hedge funds collectively hold 88.37% of the stock.
• Analyst sentiment is mixed but leans neutral: CLDT has a consensus “Hold” rating and a $13.00 average price target, with two Buy ratings and three Hold ratings.
• Chatham Lodging Trust reported quarterly EPS of $0.13, exceeding the $0.11 estimate, and revenue of $87.8 million. The company also declared a quarterly dividend of $0.10 per share, equivalent to a 3.1% annualized yield.

Hsbc Holdings PLC boosted its holdings in Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) by 185.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,613 shares of the real estate investment trust's stock after buying an additional 221,150 shares during the period. Hsbc Holdings PLC owned approximately 0.73% of Chatham Lodging Trust worth $4,537,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CLDT. Intech Investment Management LLC raised its stake in Chatham Lodging Trust by 9.1% during the 3rd quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 2,017 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Chatham Lodging Trust by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust's stock worth $4,190,000 after purchasing an additional 2,496 shares during the period. Franklin Resources Inc. increased its holdings in shares of Chatham Lodging Trust by 8.4% during the 2nd quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 2,642 shares during the period. Kennedy Capital Management LLC raised its position 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 buying an additional 2,894 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Chatham Lodging Trust by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 63,786 shares of the real estate investment trust's stock valued at $434,000 after buying an additional 3,186 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reiterated a "market perform" rating and issued a $12.00 target price on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Zacks Research lowered Chatham Lodging Trust from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Wall Street Zen upgraded Chatham Lodging Trust from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. 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, Stifel Nicolaus raised their target price on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.00.

Chatham Lodging Trust Stock Up 0.2%

CLDT opened at $12.92 on Friday. The firm has a market cap of $603.11 million, a price-to-earnings ratio of 161.52 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.72 and a current ratio of 0.72. The firm's 50-day simple moving average is $13.14 and its 200-day simple moving average is $10.90. Chatham Lodging Trust has a twelve month low of $6.08 and a twelve month high of $13.89.

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 for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $87.80 million for the quarter, compared to analysts' expectations of $82.01 million. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Equities research analysts anticipate that Chatham Lodging Trust will post 1.35 EPS for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.1%. Chatham Lodging Trust's payout ratio is currently 500.00%.

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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