Brokerages Set Chatham Lodging Trust (REIT) (NYSE:CLDT) Price Target at $13.00

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. BMO Capital Markets reiterated a “market perform” rating and set a $12.00 price target on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Zacks Research lowered Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Stifel Nicolaus upped their price target on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th.

Institutional Investors Weigh In On Chatham Lodging Trust

Several institutional investors and hedge funds have recently made changes to their positions in CLDT. Integrated Wealth Concepts LLC acquired a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC grew its holdings in 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 during the last quarter. PNC Financial Services Group Inc. grew its holdings in Chatham Lodging Trust by 1,071.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 6,084 shares during the last quarter. Advisory Services Network LLC purchased a new position in Chatham Lodging Trust during the third quarter worth $52,000. Finally, Quarry LP increased its position in Chatham Lodging Trust by 61.9% during the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 3,300 shares in the last quarter. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Chatham Lodging Trust Trading Down 0.5%

Shares of CLDT stock opened at $12.88 on Wednesday. The business’s fifty day moving average price is $13.14 and its 200 day moving average price is $10.92. The firm has a market capitalization of $601.47 million, a PE ratio of 161.08 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 1-year low of $6.08 and a 1-year high of $13.89.

Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results 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 company had revenue of $87.80 million for 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. As a group, sell-side analysts forecast that Chatham Lodging Trust will post 1.35 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.1%. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 500.00%.

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.