Ieq Capital LLC bought a new position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 112,098 shares of the real estate investment trust's stock, valued at approximately $1,483,000. Ieq Capital LLC owned approximately 0.24% of Chatham Lodging Trust at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Donald Smith & CO. Inc. purchased a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at about $52,587,000. Meeder Asset Management Inc. acquired a new stake in Chatham Lodging Trust in the second quarter valued at approximately $80,000. BlackRock Inc. acquired a new stake in Chatham Lodging Trust in the second quarter valued at approximately $118,707,000. Deutsche Bank AG acquired a new stake in Chatham Lodging Trust in the second quarter valued at approximately $558,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Chatham Lodging Trust in the second quarter worth approximately $549,000. Hedge funds and other institutional investors own 88.37% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of Chatham Lodging Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Stifel Nicolaus boosted their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Wall Street Zen raised Chatham Lodging Trust from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Zacks Research cut Chatham Lodging Trust from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $12.00 price target on shares of Chatham Lodging Trust in a report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Chatham Lodging Trust presently has a consensus rating of "Hold" and an average price target of $13.00.
Check Out Our Latest Report on Chatham Lodging Trust
Chatham Lodging Trust Stock Performance
Shares of CLDT opened at $13.47 on Thursday. The company has a market capitalization of $628.78 million, a price-to-earnings ratio of 168.40 and a beta of 1.08. Chatham Lodging Trust has a 52-week low of $6.08 and a 52-week high of $13.89. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $13.18 and a 200 day moving average price of $10.48.
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 business had revenue of $87.80 million during the quarter, compared to the consensus estimate 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. Research analysts predict that Chatham Lodging Trust will post 1.33 EPS for the current fiscal year.
Chatham Lodging Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. Chatham Lodging Trust's dividend payout ratio is currently 500.00%.
About Chatham Lodging Trust
(
Free Report)
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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Want to see what other hedge funds are holding CLDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report).
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