Chatham Lodging Trust (NYSE:CLDT) Announces Quarterly Earnings Results

Chatham Lodging Trust (NYSE:CLDT) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32, Zacks reports. The firm had revenue of $78.41 million for the quarter, compared to analyst estimates of $79.68 million. Chatham Lodging Trust had a net margin of 3.04% and a return on equity of 1.19%. Chatham Lodging Trust updated its FY 2025 guidance to 0.960-0.990 EPS and its Q4 2025 guidance to 0.140-0.17 EPS.

Chatham Lodging Trust Stock Up 2.9%

Shares of NYSE:CLDT traded up $0.19 during mid-day trading on Friday, hitting $6.62. 315,938 shares of the company traded hands, compared to its average volume of 306,924. The stock has a market cap of $324.00 million, a P/E ratio of 220.50 and a beta of 1.44. The stock has a 50-day moving average price of $6.77 and a two-hundred day moving average price of $7.00. Chatham Lodging Trust has a 12-month low of $5.83 and a 12-month high of $10.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27.

Chatham Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 5.4%. Chatham Lodging Trust’s payout ratio is presently 1,200.00%.

Institutional Trading of Chatham Lodging Trust

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 purchasing an additional 21,541 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Chatham Lodging Trust by 16.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 47,493 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 6,823 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Chatham Lodging Trust by 195.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 3,858 shares in the last quarter. Sculptor Capital LP bought a new position in shares of Chatham Lodging Trust during the 2nd quarter worth approximately $14,901,000. Finally, Engineers Gate Manager LP boosted its stake in shares of Chatham Lodging Trust by 36.2% in the 2nd quarter. Engineers Gate Manager LP now owns 48,960 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 13,020 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.75.

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.