Chatham Lodging Trust (REIT) (CLDT) To Go Ex-Dividend on June 30th

Chatham Lodging Trust (REIT) (NYSE:CLDT) announced a quarterly dividend on Thursday, June 4th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.10 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 30th.

Chatham Lodging Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Chatham Lodging Trust to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 29.6%.

Chatham Lodging Trust Trading Up 1.4%

CLDT stock opened at $13.53 on Friday. The company has a market capitalization of $631.58 million, a PE ratio of 676.50 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 has a one year low of $6.08 and a one year high of $13.64. The company’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $8.59.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Chatham Lodging Trust by 195.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,858 shares during the period. PNC Financial Services Group Inc. increased its holdings 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 valued at $52,000 after purchasing an additional 6,084 shares during the period. Advisory Services Network LLC purchased a new position in Chatham Lodging Trust during the 3rd quarter valued at about $52,000. Quarry LP raised its position in Chatham Lodging Trust by 61.9% during the 3rd quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Strs Ohio bought a new position in Chatham Lodging Trust during the 1st quarter valued at approximately $61,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

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.