Chatham Lodging Trust (NYSE:CLDT) Upgraded at Zacks Research

Zacks Research upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus set a $10.00 price target on Chatham Lodging Trust in a research report on Wednesday, March 4th. Weiss Ratings raised shares of 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 issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $10.00.

Chatham Lodging Trust Price Performance

CLDT stock opened at $7.58 on Wednesday. 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 business has a 50-day simple moving average of $7.45 and a two-hundred day simple moving average of $7.01. The company has a market capitalization of $358.11 million, a P/E ratio of 54.14 and a beta of 1.08. 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 issued its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate 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 company had revenue of $67.74 million during the quarter, compared to analysts’ expectations of $67.22 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. Research analysts expect that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.3%. 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sculptor Capital LP purchased a new position in Chatham Lodging Trust in the second quarter valued at about $14,901,000. Aegis Financial Corp purchased a new stake in shares of Chatham Lodging Trust during the 4th quarter worth approximately $4,621,000. Ameriprise Financial Inc. increased its stake in shares of Chatham Lodging Trust by 413.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock worth $5,464,000 after purchasing an additional 655,265 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Chatham Lodging Trust by 394.2% in the 2nd quarter. AQR Capital Management LLC now owns 486,346 shares of the real estate investment trust’s stock worth $3,390,000 after purchasing an additional 387,937 shares during the period. Finally, Kennedy Capital Management LLC raised its holdings in shares of Chatham Lodging Trust by 24.0% in the 3rd quarter. Kennedy Capital Management LLC now owns 801,619 shares of the real estate investment trust’s stock worth $5,379,000 after purchasing an additional 155,023 shares during the period. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company 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.