Chatham Lodging Trust (NYSE:CLDT) Hits New 1-Year High – Here’s Why

Chatham Lodging Trust (REIT) (NYSE:CLDT) shares hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $14.85 and last traded at $14.4050, with a volume of 205 shares changing hands. The stock had previously closed at $14.33.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLDT. Morgan Stanley cut Chatham Lodging Trust to an “outperform” rating in a report on Friday, October 16th. Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Stifel Nicolaus restated a “buy” rating and set a $15.50 price objective (up from $15.00) on shares of Chatham Lodging Trust in a research note on Friday, October 16th. Wall Street Zen raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.75.

Chatham Lodging Trust Stock Up 0.6%

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $12.07. The stock has a market cap of $672.89 million, a P/E ratio of 179.01 and a beta of 1.11.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly 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 company had revenue of $87.80 million during the quarter, compared to the consensus estimate 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, research analysts anticipate that Chatham Lodging Trust will post 1.35 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Chatham Lodging Trust’s dividend payout ratio is currently 500.00%.

Institutional Trading of Chatham Lodging Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in Chatham Lodging Trust by 102.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 938 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Chatham Lodging Trust by 5.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 1,269 shares in the last quarter. GAMMA Investing LLC raised its holdings in Chatham Lodging Trust by 146.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,389 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Chatham Lodging Trust during the second quarter valued at about $34,000. Finally, Susquehanna International Group LLP increased its position in shares of Chatham Lodging Trust by 19.1% in the second quarter. Susquehanna International Group LLP now owns 20,454 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 3,287 shares in the last quarter. Institutional investors own 88.37% of the company’s stock.

About Chatham Lodging Trust

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.