Chatham Lodging Trust (NYSE:CLDT) Reaches New 12-Month High – Time to Buy?

Chatham Lodging Trust (REIT) (NYSE:CLDT) shares hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $14.04 and last traded at $14.0190, with a volume of 23824 shares changing hands. The stock had previously closed at $13.72.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Zacks Research cut shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Chatham Lodging Trust currently has a consensus rating of “Hold” and an average target price of $13.00.

Chatham Lodging Trust Price Performance

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 50 day simple moving average is $13.17 and its 200 day simple moving average is $11.64. The company has a market capitalization of $630.27 million, a PE ratio of 168.80 and a beta of 1.11.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $87.80 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts predict that Chatham Lodging Trust will post 1.35 earnings per share for the current 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 $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. Chatham Lodging Trust’s payout ratio is 500.00%.

Hedge Funds Weigh In On Chatham Lodging Trust

Hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Chatham Lodging Trust by 37.1% in 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 purchasing an additional 5,578 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Chatham Lodging Trust in the second quarter valued at approximately $213,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $34,000. NewEdge Advisors LLC boosted its holdings in shares of Chatham Lodging Trust by 23.6% in the second quarter. NewEdge Advisors LLC now owns 25,391 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 4,845 shares during the period. Finally, Corient Private Wealth LP grew its position in shares of Chatham Lodging Trust by 43.1% during the second quarter. Corient Private Wealth LP now owns 15,182 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 4,574 shares during the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

About Chatham Lodging Trust

Chatham Lodging Trust was a self-advised lodging real estate investment trust that owned a portfolio of upscale, premium-branded select-service and extended-stay hotels in the United States. Its properties primarily operated under franchise agreements with major hospitality companies, including Marriott International, Hilton, Hyatt Hotels and InterContinental Hotels Group.

The company’s hotel portfolio included brands such as Courtyard by Marriott, Residence Inn, Homewood Suites, Hampton Inn and Hyatt Place.