JPMorgan Chase & Co. Has $8.70 Million Stock Holdings in Chatham Lodging Trust (REIT) $CLDT

JPMorgan Chase & Co. trimmed its stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,296,831 shares of the real estate investment trust’s stock after selling 91,160 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.67% of Chatham Lodging Trust worth $8,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CLDT. AlphaQuest LLC raised its stake in shares of Chatham Lodging Trust by 1,617.3% during the 3rd quarter. AlphaQuest LLC now owns 84,576 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 79,651 shares in the last quarter. Total Clarity Wealth Management Inc. bought a new position in shares of Chatham Lodging Trust in the third quarter valued at $142,000. Peapod Lane Capital LLC increased its holdings in Chatham Lodging Trust by 1.1% during the third quarter. Peapod Lane Capital LLC now owns 324,201 shares of the real estate investment trust’s stock worth $2,175,000 after buying an additional 3,560 shares during the last quarter. LSV Asset Management increased its holdings in Chatham Lodging Trust by 13.9% during the third quarter. LSV Asset Management now owns 160,700 shares of the real estate investment trust’s stock worth $1,078,000 after buying an additional 19,638 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Chatham Lodging Trust by 31.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,279 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 5,561 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stifel Nicolaus set a $10.00 price target on shares of Chatham Lodging Trust in a research note on Wednesday, March 4th. Zacks Research raised shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Finally, Weiss Ratings upgraded shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $10.00.

Chatham Lodging Trust Stock Performance

NYSE CLDT opened at $7.75 on Monday. The stock has a market cap of $365.95 million, a PE ratio of 55.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a 50-day moving average of $7.54 and a 200-day moving average of $7.02. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $8.44.

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

Chatham Lodging Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from Chatham Lodging Trust’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, March 31st. Chatham Lodging Trust’s dividend payout ratio is 257.14%.

Chatham Lodging Trust 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.