Chatham Lodging Trust (REIT) (NYSE:CLDT) Sees Significant Increase in Short Interest

Chatham Lodging Trust (REIT) (NYSE:CLDT) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 912,080 shares, a growth of 33.0% from the March 15th total of 685,556 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 253,280 shares, the short-interest ratio is presently 3.6 days.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC grew its position in Chatham Lodging Trust by 9.1% during the 3rd quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 2,017 shares during the last quarter. Resona Asset Management Co. Ltd. grew its position in Chatham Lodging Trust by 12.1% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 21,220 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 2,287 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Chatham Lodging Trust by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust’s stock worth $4,190,000 after acquiring an additional 2,496 shares during the last quarter. Franklin Resources Inc. grew its position in Chatham Lodging Trust by 8.4% during the 2nd quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 2,642 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in Chatham Lodging Trust by 0.4% during the 4th quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock worth $5,479,000 after acquiring an additional 2,894 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Zacks Research raised Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Stifel Nicolaus boosted their price target on Chatham Lodging Trust from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings raised Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Chatham Lodging Trust presently has a consensus rating of “Buy” and a consensus price target of $11.00.

Chatham Lodging Trust Price Performance

Shares of Chatham Lodging Trust stock traded up $0.19 during trading on Friday, reaching $8.73. 276,049 shares of the company’s stock were exchanged, compared to its average volume of 273,412. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 1.33. Chatham Lodging Trust has a 1-year low of $6.08 and a 1-year high of $8.81. The company has a market cap of $410.57 million, a P/E ratio of 62.34 and a beta of 1.05. The firm’s 50-day moving average price is $7.85 and its 200 day moving average price is $7.13.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Chatham Lodging Trust had a return on equity of 1.92% and a net margin of 5.10%.The business had revenue of $67.74 million for the quarter, compared to analyst estimates of $67.22 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. As a group, research analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Chatham Lodging Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.40 dividend on an annualized basis and a yield of 4.6%. This is an increase from Chatham Lodging Trust’s previous quarterly dividend of $0.09. Chatham Lodging Trust’s dividend payout ratio is presently 285.71%.

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.