Chatham Lodging Trust (NYSE:CLDT) Shares Cross Below 50-Day Moving Average - Time to Sell?

Key Points

• CLDT shares fell below their 50-day moving average, trading as low as $12.66 versus the $13.16 average, though the stock later traded near $12.96.
• Analyst sentiment remains mixed: two analysts rate the stock a Buy and three rate it Hold, producing a consensus Hold rating and a $13.00 average price target.
• Chatham Lodging Trust exceeded quarterly expectations with EPS of $0.13 versus $0.11 expected and revenue of $87.8 million, while declaring a quarterly dividend of $0.10 per share, yielding approximately 3.1% annually.

Chatham Lodging Trust (REIT) (NYSE:CLDT - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.16 and traded as low as $12.66. Chatham Lodging Trust shares last traded at $12.9570, with a volume of 662,538 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Chatham Lodging Trust from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. 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 note on Tuesday, July 14th. Alliance Global Partners reaffirmed a "buy" rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. 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, BMO Capital Markets reissued a "market perform" rating and issued a $12.00 price objective on shares of Chatham Lodging Trust in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Chatham Lodging Trust presently has a consensus rating of "Hold" and an average target price of $13.00.

Chatham Lodging Trust Trading Up 1.2%

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72. The company's fifty day moving average is $13.16 and its 200-day moving average is $11.11. The stock has a market cap of $604.83 million, a PE ratio of 161.98 and a beta of 1.08.

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 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $87.80 million for the quarter, compared to analyst estimates 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. On average, analysts predict that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, September 30th. Chatham Lodging Trust's dividend payout ratio (DPR) is currently 500.00%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Chatham Lodging Trust during the 2nd quarter worth approximately $34,000. Legal & General Group Plc purchased a new position in shares of Chatham Lodging Trust during the 2nd quarter valued at approximately $60,000. Quantbot Technologies LP acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at $69,000. Meeder Asset Management Inc. acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at $80,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Chatham Lodging Trust by 1,071.1% during the first quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust's stock worth $52,000 after buying an additional 6,084 shares in the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

About Chatham Lodging Trust

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale, premium-branded hotels in the United States. Its portfolio focused primarily on select-service and extended-stay properties serving business and leisure travelers, with brands affiliated with major hotel companies such as Marriott International, Hilton Worldwide and Hyatt Hotels.

The company's hotel portfolio included properties operating under brands such as Courtyard by Marriott, Residence Inn by Marriott, Homewood Suites by Hilton and Hampton by Hilton.

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