Chatham Lodging Trust (REIT) (NYSE:CLDT) Stock Has Average Price Target of $13.75 According to Analysts

Chatham Lodging Trust (REIT) (NYSE:CLDT) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.75.

A number of research firms have issued reports on CLDT. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Zacks Research upgraded Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 26th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Morgan Stanley downgraded Chatham Lodging Trust to an “outperform” rating in a research note on Friday, October 16th.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in CLDT. State of Wyoming increased its holdings in Chatham Lodging Trust by 7.7% in the 3rd quarter. State of Wyoming now owns 33,539 shares of the real estate investment trust’s stock worth $449,000 after acquiring an additional 2,402 shares in the last quarter. Sterling Capital Management LLC raised its position in Chatham Lodging Trust by 1,261.8% during the third quarter. Sterling Capital Management LLC now owns 12,406 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 11,495 shares during the period. State of Alaska Department of Revenue lifted its holdings in Chatham Lodging Trust by 5.6% during the third quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 1,269 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Chatham Lodging Trust by 146.8% during the third quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,389 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Chatham Lodging Trust by 102.2% during the third quarter. Farther Finance Advisors LLC now owns 1,856 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 938 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Price Performance

Shares of CLDT stock opened at $14.71 on Thursday. The company has a market cap of $686.90 million, a P/E ratio of 183.96 and a beta of 1.11. 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 50-day moving average is $13.57 and its 200 day moving average is $10.90. Chatham Lodging Trust has a 1-year low of $6.08 and a 1-year high of $15.02.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data 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 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. Research analysts predict that Chatham Lodging Trust will post 1.35 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. Chatham Lodging Trust’s payout ratio is presently 500.00%.

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.