Chatham Lodging Trust (NYSE:CLDT) Reaches New 1-Year High – Time to Buy?

Chatham Lodging Trust (REIT) (NYSE:CLDT)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $13.89 and last traded at $13.8370, with a volume of 14576 shares changing hands. The stock had previously closed at $13.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CLDT shares. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Wall Street Zen raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Stifel Nicolaus increased their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised 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 restated a “market perform” rating and set a $12.00 price target 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, the stock presently has an average rating of “Hold” and an average price target of $13.00.

Chatham Lodging Trust Stock Down 0.8%

The company’s fifty day simple moving average is $13.16 and its 200 day simple moving average is $10.39. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $638.82 million, a P/E ratio of 170.72 and a beta of 1.08.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS 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 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. Research analysts expect that Chatham Lodging Trust will post 1.33 EPS for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 500.00%.

Institutional Investors Weigh In On Chatham Lodging Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Chatham Lodging Trust by 195.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 3,858 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Chatham Lodging Trust by 1,071.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 6,084 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Chatham Lodging Trust in the 3rd quarter worth about $52,000. Quarry LP lifted its position in Chatham Lodging Trust by 61.9% during the 3rd quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 3,300 shares during the period. Finally, Legal & General Group Plc purchased a new position in Chatham Lodging Trust during the 2nd quarter valued at about $60,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.