Chatham Lodging Trust (NYSE:CLDT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a hold rating to a buy rating in a research report released on Saturday morning.

CLDT has been the subject of several other research reports. BMO Capital Markets restated a “market perform” rating and issued a $12.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Stifel Nicolaus increased their price objective on Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Zacks Research cut Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three 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 $13.00.

Chatham Lodging Trust Stock Down 0.3%

Shares of CLDT opened at $12.95 on Friday. The company has a market capitalization of $604.51 million, a P/E ratio of 161.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72. Chatham Lodging Trust has a one year low of $6.08 and a one year high of $13.88. The business’s 50 day simple moving average is $13.07 and its 200-day simple moving average is $10.17.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 business 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. As a group, sell-side analysts predict that Chatham Lodging Trust will post 1.33 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.1%. Chatham Lodging Trust’s payout ratio is 500.00%.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLDT. Sei Investments Co. grew its position in shares of Chatham Lodging Trust by 97.3% during the 1st quarter. Sei Investments Co. now owns 188,438 shares of the real estate investment trust’s stock worth $1,483,000 after buying an additional 92,920 shares during the period. Donald Smith & CO. Inc. raised its position in shares of Chatham Lodging Trust by 1.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock valued at $31,902,000 after acquiring an additional 88,879 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at approximately $802,000. Sculptor Capital LP boosted its stake in Chatham Lodging Trust by 10.6% during the 4th quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock worth $16,108,000 after acquiring an additional 227,500 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Chatham Lodging Trust during the 1st quarter worth approximately $990,000. Institutional investors own 88.37% of the company’s stock.

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.