Globeflex Capital L P Buys New Position in Chatham Lodging Trust (REIT) $CLDT

Globeflex Capital L P purchased a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,061 shares of the real estate investment trust’s stock, valued at approximately $530,000. Globeflex Capital L P owned 0.09% of Chatham Lodging Trust as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CLDT. Intech Investment Management LLC lifted its position in shares of Chatham Lodging Trust by 9.1% in the 3rd quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,017 shares during the period. Dimensional Fund Advisors LP raised its stake in Chatham Lodging Trust by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust’s stock worth $4,190,000 after buying an additional 2,496 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Chatham Lodging Trust by 8.4% in the second quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 2,642 shares during the period. Kennedy Capital Management LLC boosted its position in Chatham Lodging Trust by 0.4% during the 4th quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock valued at $5,479,000 after acquiring an additional 2,894 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Chatham Lodging Trust by 5.3% during the 4th quarter. Russell Investments Group Ltd. now owns 63,786 shares of the real estate investment trust’s stock valued at $434,000 after acquiring an additional 3,186 shares in the last quarter. 88.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, August 4th. Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings raised Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.00.

Chatham Lodging Trust Trading Down 0.1%

NYSE:CLDT opened at $13.78 on Wednesday. The firm has a market capitalization of $643.25 million, a P/E ratio of 172.27 and a beta of 1.08. 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 has a one year low of $6.08 and a one year high of $13.89. The company’s 50-day simple moving average is $13.17 and its 200 day simple moving average is $10.43.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. The business had revenue of $87.80 million during the quarter, compared to the consensus estimate of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. As a group, analysts forecast that Chatham Lodging Trust will post 1.33 EPS for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. Chatham Lodging Trust’s dividend payout ratio is presently 500.00%.

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.