Chatham Lodging Trust - CLDT Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chatham Lodging Trust in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CLDT shares.
View CLDT analyst ratings or view top-rated stocks.

3 analysts have issued 12 month price targets for Chatham Lodging Trust's stock. Their CLDT share price forecasts range from $15.00 to $16.00. On average, they anticipate the company's stock price to reach $15.67 in the next twelve months. This suggests a possible upside of 59.4% from the stock's current price.
View analysts price targets for CLDT or view top-rated stocks among Wall Street analysts.

Chatham Lodging Trust's stock was trading at $12.27 at the beginning of 2023. Since then, CLDT shares have decreased by 19.9% and is now trading at $9.83.
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Chatham Lodging Trust saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 499,400 shares, a drop of 20.6% from the February 13th total of 628,900 shares. Based on an average daily volume of 214,900 shares, the days-to-cover ratio is presently 2.3 days.
View Chatham Lodging Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our CLDT earnings forecast.

Chatham Lodging Trust (NYSE:CLDT) announced its quarterly earnings data on Wednesday, May, 4th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.30. Chatham Lodging Trust had a net margin of 3.32% and a trailing twelve-month return on equity of 1.20%. During the same period in the previous year, the firm posted ($0.15) earnings per share.

Chatham Lodging Trust declared a monthly dividend on Tuesday, March 7th. Shareholders of record on Friday, March 31st will be given a dividend of $0.07 per share on Monday, April 17th. This represents a $0.84 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for CLDT.

ETFs with the largest weight of Chatham Lodging Trust (NYSE:CLDT) stock in their portfolio include AdvisorShares Hotel ETF (BEDZ), Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Value with Momentum ETF (XSVM), iShares US Small Cap Value Factor ETF (SVAL), Kelly Hotel & Lodging Sector ETF (HOTL), Nuveen Short-Term REIT ETF (NURE), Invesco S&P SmallCap Financials ETF (PSCF) and SPDR Dow Jones REIT ETF (RWR).

Chatham Lodging Trust (NYSE:CLDT) pays an annual dividend of $0.84 per share and currently has a dividend yield of 8.70%. CLDT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1,680.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CLDT will have a dividend payout ratio of 60.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLDT.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chatham Lodging Trust investors own include AT&T (T), Realty Income (O), CVS Health (CVS), Omega Healthcare Investors (OHI), Enterprise Products Partners (EPD), STAG Industrial (STAG), New Residential Investment (NRZ), Main Street Capital (MAIN), Verizon Communications (VZ) and Apple Hospitality REIT (APLE).

Chatham Lodging Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLDT."

Chatham Lodging Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include Fuller & Thaler Asset Management Inc. (6.90%), Neuberger Berman Group LLC (2.14%), Geode Capital Management LLC (2.04%), Charles Schwab Investment Management Inc. (1.78%), Renaissance Technologies LLC (1.71%) and Dimensional Fund Advisors LP (1.30%). Insiders that own company stock include Dennis M Craven, Edwin B Brewer Jr, Ethel Isaacs Williams, Jeffrey H Fisher and Robert D Perlmutter.
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Shares of CLDT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLDT stock can currently be purchased for approximately $9.83.

Chatham Lodging Trust (NYSE:CLDT) has a market capitalization of $480.20 million and generates $294.85 million in revenue each year. The real estate investment trust earns $9.81 million in net income (profit) each year or $0.05 on an earnings per share basis.

Chatham Lodging Trust's mailing address is 222 LAKEVIEW AVENUE SUITE 200, WEST PALM BEACH FL, 33401. The official website for the company is www.chathamlodgingtrust.com. The real estate investment trust can be reached via phone at (561) 802-4477 or via fax at 561-835-4125.