Chatham Lodging Trust (NYSE:CLDT) declared a monthly dividend on Wednesday, July 10th, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.11 per share by the real estate investment trust on Friday, August 30th. This represents a $1.32 annualized dividend and a yield of 7.20%. The ex-dividend date is Tuesday, July 30th.
Chatham Lodging Trust has increased its dividend by an average of 3.8% per year over the last three years. Chatham Lodging Trust has a payout ratio of 68.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Chatham Lodging Trust to earn $1.86 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 71.0%.
Shares of NYSE:CLDT opened at $18.33 on Friday. The company’s 50 day moving average price is $19.10. The stock has a market capitalization of $870.18 million, a PE ratio of 9.68 and a beta of 1.08. Chatham Lodging Trust has a 12 month low of $17.29 and a 12 month high of $22.18. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.75.
Separately, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.00.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,500 rooms/suites.
Featured Story: Guidelines for Successful Channel Trading
Receive News & Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.