Chatham Lodging Trust (REIT) (NYSE:CLDT) Receives Consensus Recommendation of “Hold” from Analysts

Chatham Lodging Trust (REIT) (NYSE:CLDT) has received an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.00.

Several equities analysts have recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 target price on shares of Chatham Lodging Trust in a report on Friday, June 12th. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Zacks Research lowered shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Chatham Lodging Trust in the 2nd quarter valued at about $118,707,000. Donald Smith & CO. Inc. bought a new stake in Chatham Lodging Trust during the second quarter worth approximately $52,587,000. Sculptor Capital LP grew its position in Chatham Lodging Trust by 10.6% in the fourth quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock worth $16,108,000 after buying an additional 227,500 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Chatham Lodging Trust by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock valued at $5,479,000 after buying an additional 2,894 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at $4,978,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Up 1.2%

Shares of Chatham Lodging Trust stock opened at $13.65 on Friday. The company has a fifty day moving average price of $13.18 and a 200 day moving average price of $11.69. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. Chatham Lodging Trust has a twelve month low of $6.08 and a twelve month high of $14.05. The stock has a market cap of $637.06 million, a price-to-earnings ratio of 170.61 and a beta of 1.11.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%.The company had revenue of $87.80 million for the quarter, compared to analyst estimates of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Equities research analysts forecast that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. Chatham Lodging Trust’s payout ratio is currently 500.00%.

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.