Chatham Lodging Trust (REIT) (NYSE:CLDT) to Issue $0.09 Quarterly Dividend

by · The Cerbat Gem

Chatham Lodging Trust (REIT) (NYSE:CLDT – Get Free Report) announced a quarterly dividend on Wednesday, December 10th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.09 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, December 31st.

Chatham Lodging Trust has decreased its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 720.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Chatham Lodging Trust to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 32.1%.

Chatham Lodging Trust Trading Up 3.1%

CLDT opened at $6.81 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.81 and a quick ratio of 0.81. Chatham Lodging Trust has a fifty-two week low of $5.83 and a fifty-two week high of $10.00. The firm has a market capitalization of $330.18 million, a PE ratio of 680.50 and a beta of 1.12. The company’s 50-day moving average is $6.56 and its 200 day moving average is $6.94.

Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $78.41 million during the quarter, compared to the consensus estimate of $79.68 million. Chatham Lodging Trust had a return on equity of 1.11% and a net margin of 2.89%.Chatham Lodging Trust has set its FY 2025 guidance at 0.960-0.990 EPS and its Q4 2025 guidance at 0.140-0.17 EPS. As a group, research analysts predict that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

About Chatham Lodging Trust

(Get Free Report)

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.

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