Chatham Lodging Trust (REIT) (CLDT) To Go Ex-Dividend on March 31st

Chatham Lodging Trust (REIT) (NYSE:CLDT) declared a quarterly dividend on Wednesday, March 4th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.10 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, March 31st. This is a 11.1% increase from Chatham Lodging Trust’s previous quarterly dividend of $0.09.

Chatham Lodging Trust has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Chatham Lodging Trust has a dividend payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Chatham Lodging Trust to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 35.7%.

Chatham Lodging Trust Stock Performance

Shares of NYSE:CLDT opened at $7.75 on Friday. Chatham Lodging Trust has a one year low of $5.83 and a one year high of $8.44. The firm has a market cap of $365.95 million, a PE ratio of 55.32 and a beta of 1.08. The firm’s 50 day simple moving average is $7.54 and its 200-day simple moving average is $7.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 1.33.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data 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 return on equity of 1.92% and a net margin of 5.10%.The firm had revenue of $67.74 million for the quarter, compared to analysts’ expectations of $67.22 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. As a group, equities analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current year.

Institutional Trading of Chatham Lodging Trust

Several hedge funds and other institutional investors have recently bought and sold shares of CLDT. Sculptor Capital LP purchased a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at $14,901,000. Aegis Financial Corp purchased a new stake in shares of Chatham Lodging Trust during the 4th quarter worth $4,621,000. Ameriprise Financial Inc. boosted its position in Chatham Lodging Trust by 413.3% during the third quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock valued at $5,464,000 after purchasing an additional 655,265 shares in the last quarter. AQR Capital Management LLC boosted its position in Chatham Lodging Trust by 394.2% during the second quarter. AQR Capital Management LLC now owns 486,346 shares of the real estate investment trust’s stock valued at $3,390,000 after purchasing an additional 387,937 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in Chatham Lodging Trust by 24.0% in the third quarter. Kennedy Capital Management LLC now owns 801,619 shares of the real estate investment trust’s stock valued at $5,379,000 after purchasing an additional 155,023 shares during the last quarter. 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.