Chatham Lodging Trust (REIT) (CLDT) To Go Ex-Dividend on September 30th

Chatham Lodging Trust (REIT) (NYSE:CLDT) declared a quarterly dividend on Tuesday, September 8th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.10 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 30th.

Chatham Lodging Trust has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 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. Equities research analysts expect Chatham Lodging Trust to earn $1.38 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 29.0%.

Chatham Lodging Trust Price Performance

Chatham Lodging Trust stock opened at $12.87 on Thursday. The firm has a market capitalization of $600.54 million, a PE ratio of 160.83 and a beta of 1.08. Chatham Lodging Trust has a 52 week low of $6.08 and a 52 week high of $13.89. The firm’s 50-day simple moving average is $13.14 and its 200 day simple moving average is $10.87. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28.

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 (EPS) for the quarter, topping 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 company had revenue of $87.80 million during the quarter, compared to analysts’ expectations of $82.01 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, equities research analysts predict that Chatham Lodging Trust will post 1.33 EPS for the current fiscal year.

About Chatham Lodging Trust

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.