Hsbc Holdings PLC Takes Position in Chatham Lodging Trust (REIT) $CLDT

Hsbc Holdings PLC acquired a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 340,613 shares of the real estate investment trust’s stock, valued at approximately $4,537,000.

A number of other hedge funds have also recently made changes to their positions in CLDT. Legal & General Group Plc purchased a new position in shares of Chatham Lodging Trust during the second quarter worth $60,000. Quantbot Technologies LP purchased a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at $69,000. Tower Research Capital LLC TRC lifted its stake in Chatham Lodging Trust by 195.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 3,858 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Chatham Lodging Trust during the 2nd quarter worth about $80,000. Finally, PNC Financial Services Group Inc. lifted its stake in Chatham Lodging Trust by 1,071.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,652 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 6,084 shares in the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Price Performance

Shares of CLDT opened at $13.60 on Friday. The firm has a market capitalization of $634.85 million, a price-to-earnings ratio of 170.02 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. The firm’s fifty day simple moving average is $13.19 and its 200-day simple moving average is $10.54. Chatham Lodging Trust has a twelve month low of $6.08 and a twelve month high of $13.89.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $87.80 million during the quarter, compared to analysts’ expectations of $82.01 million. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%.Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. Equities analysts forecast that Chatham Lodging Trust will post 1.33 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, June 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 500.00%.

Analysts Set New Price Targets

CLDT has been the subject of several research reports. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price target on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Weiss Ratings raised shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Stifel Nicolaus lifted their price objective on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a 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. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.00.

Chatham Lodging Trust Profile

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.