Chatham Lodging Trust (REIT) (NYSE:CLDT) Shareholders to Get $0.10 Quarterly Dividend

by · The Markets Daily

Chatham Lodging Trust (REIT) (NYSE:CLDT – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Wednesday, December 30th will be given a dividend of $0.10 per share by the real estate investment trust on Friday, January 15th. This represents a $0.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, December 30th.

Chatham Lodging Trust has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 800.0% 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 $1.40 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 28.6%.

Chatham Lodging Trust Stock Down 1.0%

Shares of NYSE:CLDT opened at $14.94 on Friday. Chatham Lodging Trust has a 1 year low of $6.38 and a 1 year high of $15.76. The company has a market capitalization of $697.59 million, a PE ratio of 186.82 and a beta of 1.11. The business has a fifty day moving average price of $13.68 and a two-hundred day moving average price of $11.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72.

Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $87.80 million for the quarter, compared to analysts’ expectations of $82.01 million. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%. Analysts forecast that Chatham Lodging Trust will post 1.35 earnings per share for the current year.

Institutional Trading of Chatham Lodging Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Chatham Lodging Trust by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 69,042 shares of the real estate investment trust’s stock worth $936,000 after acquiring an additional 2,735 shares during the last quarter. State of Wyoming lifted its position in Chatham Lodging Trust by 7.7% during the third quarter. State of Wyoming now owns 33,539 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 2,402 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Chatham Lodging Trust by 1,261.8% in the 3rd quarter. Sterling Capital Management LLC now owns 12,406 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 11,495 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Chatham Lodging Trust by 5.6% in the third quarter. State of Alaska Department of Revenue now owns 24,023 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 1,269 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Chatham Lodging Trust by 146.8% during the third quarter. GAMMA Investing LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,389 shares during the period. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

(Get Free Report)

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.

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