Chatham Lodging Trust (NYSE:CLDT) Sets New 52-Week High – Here’s What Happened

Chatham Lodging Trust (REIT) (NYSE:CLDT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.73 and last traded at $10.7310, with a volume of 132466 shares trading hands. The stock had previously closed at $10.67.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded Chatham Lodging Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a research note on Friday, May 8th. Finally, Stifel Nicolaus boosted their price objective on Chatham Lodging Trust from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

Chatham Lodging Trust Trading Up 0.5%

The business has a 50 day moving average of $8.57 and a two-hundred day moving average of $7.58. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $500.64 million, a price-to-earnings ratio of 536.25 and a beta of 1.05.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Chatham Lodging Trust had a return on equity of 1.18% and a net margin of 3.14%.The firm 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. Equities analysts predict that Chatham Lodging Trust will post 1.27 EPS for the current year.

Chatham Lodging Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.10 per share. This is an increase from Chatham Lodging Trust’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.40 dividend on an annualized basis and a yield of 3.7%. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 2,000.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Chatham Lodging Trust by 3.3% during the 1st quarter. Bank of America Corp DE now owns 393,197 shares of the real estate investment trust’s stock worth $3,094,000 after buying an additional 12,539 shares during the period. Quantinno Capital Management LP raised its stake in Chatham Lodging Trust by 62.8% during the 1st quarter. Quantinno Capital Management LP now owns 140,257 shares of the real estate investment trust’s stock worth $1,104,000 after buying an additional 54,096 shares during the period. Lazard Asset Management LLC bought a new stake in Chatham Lodging Trust during the 1st quarter worth approximately $990,000. Public Employees Retirement System of Ohio increased its holdings in Chatham Lodging Trust by 98.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 74,454 shares of the real estate investment trust’s stock worth $586,000 after purchasing an additional 36,954 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Chatham Lodging Trust by 97.3% during the 1st quarter. Sei Investments Co. now owns 188,438 shares of the real estate investment trust’s stock worth $1,483,000 after purchasing an additional 92,920 shares in the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

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.