Chatham Lodging Trust (REIT) (NYSE:CLDT) Declares Quarterly Dividend of $0.09

by · The Markets Daily

Chatham Lodging Trust (REIT) (NYSE:CLDT – Get Free Report) declared 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 of this dividend is Wednesday, December 31st.

Chatham Lodging Trust has decreased its dividend by an average of 0.3%annually 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. Equities 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 Stock Performance

Shares of NYSE CLDT traded up $0.21 during trading hours on Wednesday, reaching $6.81. 393,911 shares of the stock were exchanged, compared to its average volume of 300,072. The firm has a market capitalization of $330.18 million, a price-to-earnings ratio of 680.50 and a beta of 1.12. The stock’s fifty day simple moving average is $6.55 and its 200 day simple moving average is $6.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.81 and a current ratio of 0.81. Chatham Lodging Trust has a 52 week low of $5.83 and a 52 week high of $10.00.

Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Chatham Lodging Trust had a net margin of 2.89% and a return on equity of 1.11%. The firm had revenue of $78.41 million for the quarter, compared to analyst estimates of $79.68 million. 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. Sell-side analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current year.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Chatham Lodging Trust by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,105,021 shares of the real estate investment trust’s stock worth $34,255,000 after buying an additional 21,541 shares in the last quarter. Sculptor Capital LP acquired a new stake in Chatham Lodging Trust in the second quarter valued at about $14,901,000. Arrowstreet Capital Limited Partnership grew its position in Chatham Lodging Trust by 3.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,252,627 shares of the real estate investment trust’s stock valued at $8,731,000 after acquiring an additional 38,748 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in Chatham Lodging Trust by 37.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 880,880 shares of the real estate investment trust’s stock valued at $6,281,000 after acquiring an additional 239,793 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Chatham Lodging Trust by 413.3% during the third quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock worth $5,464,000 after acquiring an additional 655,265 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

(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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