Chatham Lodging Trust (NYSE:CLDT) Sets New 12-Month High - Still a Buy?

Key Points

• Chatham Lodging Trust shares reached a new 52-week high of $14.77 and were recently trading around $14.75, above both their 50-day and 200-day moving averages.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating from six analysts. However, the $13.75 consensus price target is below the current share price, while Stifel’s target is $15.50.
• The REIT exceeded quarterly earnings and revenue estimates and pays a $0.10 quarterly dividend, equivalent to a 2.7% annual yield. Its 500% payout ratio signals that the dividend is high relative to reported earnings.

Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report) shares hit a new 52-week high on Wednesday. The company traded as high as $14.77 and last traded at $14.7450, with a volume of 120,637 shares trading hands. The stock had previously closed at $14.56.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Chatham Lodging Trust to an "outperform" rating in a research report on Friday, October 16th. Wall Street Zen upgraded Chatham Lodging Trust from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Zacks Research upgraded shares of Chatham Lodging Trust from a "hold" rating to a "strong-buy" rating in a research report on Monday. Stifel Nicolaus restated a "buy" rating and issued a $15.50 target price (up from $15.00) on shares of Chatham Lodging Trust in a report on Friday, October 16th. Finally, Weiss Ratings upgraded Chatham Lodging Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.75.

Chatham Lodging Trust Trading Up 1.5%

The company's 50 day simple moving average is $13.47 and its two-hundred day simple moving average is $10.78. 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 company has a market capitalization of $689.74 million, a price-to-earnings ratio of 184.96 and a beta of 1.11.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last issued its quarterly 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 business had revenue of $87.80 million for 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. As a group, research analysts anticipate that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. Chatham Lodging Trust's payout ratio is currently 500.00%.

Institutional Trading of Chatham Lodging Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in shares of Chatham Lodging Trust by 1,261.8% in the third quarter. Sterling Capital Management LLC now owns 12,406 shares of the real estate investment trust's stock worth $166,000 after buying an additional 11,495 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Chatham Lodging Trust by 5.6% in the third quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust's stock valued at $320,000 after acquiring an additional 1,269 shares during the last quarter. GAMMA Investing LLC lifted its position in Chatham Lodging Trust by 146.8% in the third quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 1,389 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Chatham Lodging Trust by 102.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 938 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Chatham Lodging Trust by 37.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,601 shares of the real estate investment trust's stock valued at $273,000 after acquiring an additional 5,578 shares during the period. Institutional investors and hedge funds own 88.37% of the company's stock.

Chatham Lodging Trust Company Profile

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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