Chatham Lodging Trust (NYSE:CLDT) Hits New 1-Year High - Here's What Happened

Key Points

• Chatham Lodging Trust shares reached a new 52-week high of $14.05, up 1.7% from the prior close, with the stock last trading near $14.03.
• Analyst sentiment remains mixed: Stifel and Alliance Global Partners maintained or issued “buy” ratings, while the consensus rating is “Hold” with a $13.00 price target.
• The REIT beat quarterly earnings and revenue estimates, reporting $0.13 EPS and $87.8 million in revenue. It also declared a $0.10 quarterly dividend, representing a 2.8% annualized yield, while institutional investors own 88.37% of its shares.

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report) hit a new 52-week high during trading on Thursday. The stock traded as high as $14.05 and last traded at $14.0340, with a volume of 36,199 shares changing hands. The stock had previously closed at $13.83.

Analysts Set New Price Targets

Several research firms have commented on CLDT. Stifel Nicolaus lifted 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 report on Tuesday, July 14th. Zacks Research downgraded Chatham Lodging Trust from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Wall Street Zen raised 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. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.00.

Chatham Lodging Trust Stock Up 1.7%

The stock has a 50 day moving average price of $13.22 and a 200 day moving average price of $11.85. 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 company has a market capitalization of $656.33 million, a P/E ratio of 175.96 and a beta of 1.11.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Equities research analysts forecast that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Chatham Lodging Trust's dividend payout ratio is currently 500.00%.

Institutional Investors Weigh In On Chatham Lodging Trust

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Chatham Lodging Trust during the second quarter worth about $118,707,000. Donald Smith & CO. Inc. purchased a new position in shares of Chatham Lodging Trust in the second quarter worth about $52,587,000. Bank of America Corp DE purchased a new position in shares of Chatham Lodging Trust in the second quarter worth about $4,978,000. Hsbc Holdings PLC bought a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $4,537,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $2,953,000. Hedge funds and other institutional investors own 88.37% of the company's stock.

About Chatham Lodging Trust

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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