Shares of Chatham Lodging Trust (NYSE:CLDT) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.60.
A number of analysts have weighed in on CLDT shares. Zacks Investment Research raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 4th. Barclays PLC reaffirmed a “hold” rating and set a $21.00 target price on shares of Chatham Lodging Trust in a research note on Tuesday, February 14th. TheStreet raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, December 20th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $19.00 target price on shares of Chatham Lodging Trust in a research note on Monday, March 6th. Finally, Stifel Nicolaus boosted their target price on shares of Chatham Lodging Trust to $19.00 in a research note on Thursday, February 23rd.
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Chatham Lodging Trust (NYSE:CLDT) traded down 0.25% on Monday, reaching $19.61. The company’s stock had a trading volume of 145,660 shares. The firm’s 50 day moving average is $19.56 and its 200-day moving average is $19.63. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $24.80. The firm has a market cap of $750.20 million, a P/E ratio of 24.21 and a beta of 0.98.
Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Chatham Lodging Trust had a net margin of 11.34% and a return on equity of 4.82%. On average, equities research analysts anticipate that Chatham Lodging Trust will post $0.73 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, April 28th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, April 26th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.73%. Chatham Lodging Trust’s payout ratio is presently 155.30%.
Hedge funds have recently bought and sold shares of the company. AEW Capital Management L P boosted its stake in Chatham Lodging Trust by 0.7% in the third quarter. AEW Capital Management L P now owns 1,604,200 shares of the company’s stock worth $30,881,000 after buying an additional 11,718 shares during the last quarter. Crow Point Partners LLC bought a new stake in Chatham Lodging Trust during the third quarter worth $24,074,000. Boston Partners boosted its stake in Chatham Lodging Trust by 7.2% in the third quarter. Boston Partners now owns 1,098,125 shares of the company’s stock worth $21,139,000 after buying an additional 73,375 shares during the last quarter. State Street Corp boosted its stake in Chatham Lodging Trust by 9.2% in the fourth quarter. State Street Corp now owns 774,357 shares of the company’s stock worth $15,909,000 after buying an additional 65,430 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Chatham Lodging Trust by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 467,578 shares of the company’s stock worth $9,609,000 after buying an additional 46,529 shares during the last quarter. 85.17% of the stock is currently owned by hedge funds and other institutional investors.
About Chatham Lodging Trust
Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels.
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