Chatham Lodging Trust (NYSE:CLDT) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports.

CLDT has been the topic of several other research reports. Stifel Nicolaus upped their target price on Chatham Lodging Trust from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.00.

Chatham Lodging Trust Trading Up 3.8%

NYSE CLDT opened at $8.90 on Monday. The business’s 50-day moving average price is $8.10 and its two-hundred day moving average price is $7.31. Chatham Lodging Trust has a 12 month low of $6.08 and a 12 month high of $8.93. The firm has a market capitalization of $418.42 million, a PE ratio of 63.54 and a beta of 1.05. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Chatham Lodging Trust had a net margin of 5.10% and a return on equity of 1.92%. The business had revenue of $67.74 million for the quarter, compared to the consensus estimate of $67.22 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. On average, analysts expect that Chatham Lodging Trust will post 1.2 EPS for the current year.

Chatham Lodging Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, March 31st. This is a positive change from Chatham Lodging Trust’s previous quarterly dividend of $0.09. Chatham Lodging Trust’s dividend payout ratio is currently 285.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CLDT. Royal Bank of Canada raised its stake in Chatham Lodging Trust by 26.7% during the 1st quarter. Royal Bank of Canada now owns 193,422 shares of the real estate investment trust’s stock worth $1,379,000 after buying an additional 40,746 shares during the period. AQR Capital Management LLC raised its stake in Chatham Lodging Trust by 35.8% during the 1st quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 25,926 shares during the period. Jane Street Group LLC raised its stake in Chatham Lodging Trust by 6.6% during the 1st quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock worth $2,064,000 after buying an additional 18,030 shares during the period. Acadian Asset Management LLC acquired a new position in Chatham Lodging Trust during the 1st quarter worth approximately $62,000. Finally, Strs Ohio acquired a new position in Chatham Lodging Trust during the 1st quarter worth approximately $61,000. 88.37% of the stock is owned by institutional investors and hedge funds.

About Chatham Lodging Trust

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.