B. Riley Weighs in on Chatham Lodging Trust’s Q3 2024 Earnings (NYSE:CLDT)

Chatham Lodging Trust (NYSE:CLDT) – Stock analysts at B. Riley upped their Q3 2024 earnings per share estimates for Chatham Lodging Trust in a report issued on Monday, November 6th. B. Riley analyst B. Maher now expects that the real estate investment trust will earn $0.44 per share for the quarter, up from their previous estimate of $0.43. The consensus estimate for Chatham Lodging Trust’s current full-year earnings is $1.14 per share.

Several other equities research analysts also recently commented on the stock. Barclays dropped their price objective on shares of Chatham Lodging Trust from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, July 27th. Oppenheimer downgraded shares of Chatham Lodging Trust from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a report on Thursday, July 20th. Finally, StockNews.com cut shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Monday.

Chatham Lodging Trust Stock Down 4.2 %

CLDT stock opened at $9.45 on Wednesday. The stock has a fifty day moving average of $9.68 and a 200-day moving average of $9.63. Chatham Lodging Trust has a fifty-two week low of $8.92 and a fifty-two week high of $14.38. The company has a market capitalization of $461.73 million, a price-to-earnings ratio of 67.50 and a beta of 1.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.66 and a current ratio of 2.66.

Hedge Funds Weigh In On Chatham Lodging Trust

Several hedge funds have recently bought and sold shares of CLDT. BlackRock Inc. lifted its stake in Chatham Lodging Trust by 10.2% in the 1st quarter. BlackRock Inc. now owns 9,471,592 shares of the real estate investment trust’s stock worth $99,357,000 after purchasing an additional 874,031 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in Chatham Lodging Trust by 300.8% during the first quarter. Donald Smith & CO. Inc. now owns 1,009,894 shares of the real estate investment trust’s stock valued at $10,594,000 after buying an additional 757,955 shares during the period. Goldman Sachs Group Inc. grew its position in Chatham Lodging Trust by 275.5% during the second quarter. Goldman Sachs Group Inc. now owns 890,825 shares of the real estate investment trust’s stock worth $9,309,000 after buying an additional 653,584 shares in the last quarter. Neuberger Berman Group LLC grew its position in Chatham Lodging Trust by 85.8% during the first quarter. Neuberger Berman Group LLC now owns 965,283 shares of the real estate investment trust’s stock worth $13,311,000 after buying an additional 445,640 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Chatham Lodging Trust by 84.5% during the second quarter. Nuveen Asset Management LLC now owns 598,455 shares of the real estate investment trust’s stock worth $5,602,000 after buying an additional 274,018 shares in the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.

Chatham Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, September 28th. Chatham Lodging Trust’s payout ratio is 200.00%.

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.