Chatham Lodging Trust (NYSE:CLDT) Reaches New 1-Year High – What’s Next?

Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) reached a new 52-week high on Tuesday . The company traded as high as $13.62 and last traded at $13.3580, with a volume of 447675 shares changing hands. The stock had previously closed at $13.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating and set a $12.00 price target on shares of Chatham Lodging Trust in a report on Friday, June 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a report on Friday, May 8th. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Stifel Nicolaus set a $13.00 target price on shares of Chatham Lodging Trust in a report on Friday, June 5th. Finally, Zacks Research downgraded shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.50.

Chatham Lodging Trust Price Performance

The business has a 50 day moving average price of $10.38 and a two-hundred day moving average price of $8.42. The stock has a market cap of $623.56 million, a PE ratio of 667.90 and a beta of 1.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.73 and a current ratio of 0.73.

Chatham Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, June 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is 2,000.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in shares of 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 valued at $41,000 after purchasing an additional 3,858 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Chatham Lodging Trust by 1,071.1% in 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 buying an additional 6,084 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Chatham Lodging Trust in the 3rd quarter worth about $52,000. Strs Ohio bought a new position in Chatham Lodging Trust during the first quarter valued at about $61,000. Finally, Quarry LP grew its position in Chatham Lodging Trust by 61.9% during the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 3,300 shares during the period. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company 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.