Chatham Lodging Trust (REIT) (cldt) Declares Monthly Dividend of $0.11

Chatham Lodging Trust (REIT) (NYSE:cldt) announced a monthly dividend on Wednesday, May 10th, NASDAQ reports. Stockholders of record on Wednesday, May 31st will be paid a dividend of 0.11 per share by the real estate investment trust on Friday, June 30th. This represents a $1.32 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend is Friday, May 26th.

Chatham Lodging Trust (REIT) has increased its dividend payment by an average of 10.0% annually over the last three years and has increased its dividend every year for the last 2 years. Chatham Lodging Trust (REIT) has a payout ratio of 60.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Chatham Lodging Trust (REIT) to earn $0.72 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 183.3%.

Chatham Lodging Trust (NYSE CLDT) traded up 0.40% during trading on Friday, reaching $20.22. The company had a trading volume of 514,165 shares. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $24.80. The firm has a market capitalization of $775.28 million, a price-to-earnings ratio of 23.79 and a beta of 1.09. The stock has a 50 day moving average price of $19.48 and a 200 day moving average price of $19.97.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last issued its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $69.22 million for the quarter, compared to analyst estimates of $69.16 million. Chatham Lodging Trust (REIT) had a net margin of 11.15% and a return on equity of 4.79%. Chatham Lodging Trust (REIT)’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities research analysts predict that Chatham Lodging Trust will post $0.73 earnings per share for the current year.

Dividend History for Chatham Lodging Trust (REIT) (NYSE:cldt)

CLDT has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Chatham Lodging Trust (REIT) to $19.00 in a report on Thursday, February 23rd. Zacks Investment Research lowered shares of Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Cantor Fitzgerald restated a “hold” rating and issued a $18.00 target price on shares of Chatham Lodging Trust (REIT) in a report on Thursday, February 23rd. Finally, FBR & Co restated a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a report on Friday, May 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.60.

A number of large investors have recently bought and sold shares of CLDT. Schwab Charles Investment Management Inc. increased its stake in Chatham Lodging Trust (REIT) by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 161,344 shares of the real estate investment trust’s stock valued at $3,187,000 after buying an additional 8,520 shares during the period. Geode Capital Management LLC increased its stake in Chatham Lodging Trust (REIT) by 3.0% in the first quarter. Geode Capital Management LLC now owns 277,825 shares of the real estate investment trust’s stock valued at $5,487,000 after buying an additional 8,187 shares during the period. Dimensional Fund Advisors LP increased its stake in Chatham Lodging Trust (REIT) by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 541,197 shares of the real estate investment trust’s stock valued at $10,688,000 after buying an additional 73,619 shares during the period. Finally, State Street Corp increased its stake in Chatham Lodging Trust (REIT) by 14.0% in the first quarter. State Street Corp now owns 882,768 shares of the real estate investment trust’s stock valued at $17,438,000 after buying an additional 108,411 shares during the period. 83.70% of the stock is owned by hedge funds and other institutional investors.

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Chatham Lodging Trust (REIT) Company Profile

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

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