Chatham Lodging Trust (NYSE:CLDT) Reaches New 1-Year High – What’s Next?

Chatham Lodging Trust (REIT) (NYSE:CLDT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.62 and last traded at $13.3580, with a volume of 447675 shares traded. The stock had previously closed at $13.36.

Analyst Ratings Changes

CLDT has been the subject of several research analyst reports. Stifel Nicolaus set a $13.00 price objective on shares of Chatham Lodging Trust in a research note on Friday, June 5th. Weiss Ratings raised shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a report on Friday, May 8th. Zacks Research downgraded shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $12.00 price objective on shares of Chatham Lodging Trust in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Chatham Lodging Trust currently has a consensus rating of “Hold” and an average target price of $12.50.

Chatham Lodging Trust Stock Down 0.0%

The stock has a market cap of $623.56 million, a price-to-earnings ratio of 667.90 and a beta of 1.12. The stock has a 50 day simple moving average of $10.38 and a 200 day simple moving average of $8.42. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.30.

Chatham Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.40 annualized dividend and a yield of 3.0%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 2,000.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CLDT. Vanguard Group Inc. grew its holdings in shares of Chatham Lodging Trust by 0.4% during the third quarter. Vanguard Group Inc. now owns 5,105,021 shares of the real estate investment trust’s stock valued at $34,255,000 after buying an additional 21,541 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in Chatham Lodging Trust by 1.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock valued at $31,902,000 after acquiring an additional 88,879 shares in the last quarter. Sculptor Capital LP lifted its position in Chatham Lodging Trust by 10.6% in the 4th quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock valued at $16,108,000 after acquiring an additional 227,500 shares in the last quarter. Geode Capital Management LLC lifted its position in Chatham Lodging Trust by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,291,554 shares of the real estate investment trust’s stock valued at $8,797,000 after acquiring an additional 32,861 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Chatham Lodging Trust by 23.4% during the 4th quarter. AQR Capital Management LLC now owns 1,075,565 shares of the real estate investment trust’s stock valued at $7,325,000 after purchasing an additional 204,290 shares during the last quarter. 88.37% of the stock is owned by institutional investors.

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.