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

Chatham Lodging Trust (REIT) (NYSE:CLDT) has been given an average rating of “Hold” by the five research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $13.00.

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

Chatham Lodging Trust Price Performance

NYSE:CLDT opened at $12.95 on Friday. The business’s 50-day moving average is $13.07 and its 200 day moving average is $10.17. Chatham Lodging Trust has a 12 month low of $6.08 and a 12 month high of $13.88. 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 current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $87.80 million for the quarter, compared to analysts’ expectations 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. On average, equities research analysts forecast that Chatham Lodging Trust will post 1.33 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

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

Institutional Investors Weigh In On Chatham Lodging Trust

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Chatham Lodging Trust by 26.7% during the first quarter. Royal Bank of Canada now owns 193,422 shares of the real estate investment trust’s stock worth $1,379,000 after purchasing an additional 40,746 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Chatham Lodging Trust by 35.8% during the first quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock worth $702,000 after acquiring an additional 25,926 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Chatham Lodging Trust by 6.6% during the first quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock worth $2,064,000 after acquiring an additional 18,030 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Chatham Lodging Trust during the first quarter valued at about $62,000. Finally, Strs Ohio acquired a new position in shares of Chatham Lodging Trust during the first quarter valued at about $61,000. 88.37% of the stock is currently 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.