Ieq Capital LLC Takes $1.48 Million Position in Chatham Lodging Trust (REIT) $CLDT

Ieq Capital LLC bought a new position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 112,098 shares of the real estate investment trust’s stock, valued at approximately $1,483,000. Ieq Capital LLC owned approximately 0.24% of Chatham Lodging Trust at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Donald Smith & CO. Inc. purchased a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at about $52,587,000. Meeder Asset Management Inc. acquired a new stake in Chatham Lodging Trust in the second quarter valued at approximately $80,000. BlackRock Inc. acquired a new stake in Chatham Lodging Trust in the second quarter valued at approximately $118,707,000. Deutsche Bank AG acquired a new stake in Chatham Lodging Trust in the second quarter valued at approximately $558,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Chatham Lodging Trust in the second quarter worth approximately $549,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Stifel Nicolaus boosted their target price on shares of Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research cut Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 price target on shares of Chatham Lodging Trust in a report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Chatham Lodging Trust presently has a consensus rating of “Hold” and an average price target of $13.00.

Chatham Lodging Trust Stock Performance

Shares of CLDT opened at $13.47 on Thursday. The company has a market capitalization of $628.78 million, a price-to-earnings ratio of 168.40 and a beta of 1.08. Chatham Lodging Trust has a 52-week low of $6.08 and a 52-week high of $13.89. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $13.18 and a 200 day moving average price of $10.48.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share 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 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 1.33 EPS for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. Chatham Lodging Trust’s dividend payout ratio is currently 500.00%.

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.