Chatham Lodging Trust (REIT) (NYSE:CLDT) Sees Significant Decrease in Short Interest

Chatham Lodging Trust (REIT) (NYSE:CLDT) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 609,114 shares, a decline of 16.7% from the February 12th total of 731,161 shares. Based on an average daily trading volume, of 290,279 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.4% of the shares of the stock are short sold. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 290,279 shares, the days-to-cover ratio is currently 2.1 days.

Chatham Lodging Trust Price Performance

NYSE:CLDT traded down $0.09 during trading hours on Wednesday, reaching $7.72. 25,891 shares of the company’s stock were exchanged, compared to its average volume of 277,893. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $364.53 million, a P/E ratio of 55.11 and a beta of 1.08. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $8.44. The business’s 50-day simple moving average is $7.40 and its two-hundred day simple moving average is $7.00.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The company had revenue of $67.74 million during the quarter, compared to the consensus estimate of $67.22 million. Chatham Lodging Trust had a net margin of 5.10% and a return on equity of 1.92%. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. Sell-side analysts expect that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.10 per share. This is a positive change from Chatham Lodging Trust’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 257.14%.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Chatham Lodging Trust by 0.4% during the third quarter. Vanguard Group Inc. now owns 5,105,021 shares of the real estate investment trust’s stock valued at $34,255,000 after buying an additional 21,541 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of Chatham Lodging Trust by 1.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock worth $31,902,000 after acquiring an additional 88,879 shares in the last quarter. Sculptor Capital LP increased its position in shares of Chatham Lodging Trust by 10.6% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Chatham Lodging Trust by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,291,554 shares of the real estate investment trust’s stock valued at $8,797,000 after acquiring an additional 32,861 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Chatham Lodging Trust by 3.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,252,627 shares of the real estate investment trust’s stock valued at $8,731,000 after acquiring an additional 38,748 shares in the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Wall Street Analyst Weigh In

CLDT has been the subject of several recent analyst reports. Zacks Research upgraded shares of Chatham Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Finally, Stifel Nicolaus set a $10.00 price target on Chatham Lodging Trust in a research report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

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.