B. Riley Research Analysts Raise Earnings Estimates for CLDT

Chatham Lodging Trust (NYSE:CLDT) – Stock analysts at B. Riley boosted their Q4 2024 EPS estimates for shares of Chatham Lodging Trust in a report released on Tuesday, November 12th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. The consensus estimate for Chatham Lodging Trust’s current full-year earnings is $1.07 per share. B. Riley also issued estimates for Chatham Lodging Trust’s FY2025 earnings at $1.18 EPS, Q3 2026 earnings at $0.42 EPS and FY2026 earnings at $1.26 EPS.

Separately, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

Chatham Lodging Trust Stock Down 1.6 %

NYSE CLDT opened at $8.86 on Friday. Chatham Lodging Trust has a 1-year low of $7.60 and a 1-year high of $11.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $8.50 and its two-hundred day moving average is $8.52. The company has a market capitalization of $433.34 million, a price-to-earnings ratio of -38.52 and a beta of 1.79.

Chatham Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, September 30th. Chatham Lodging Trust’s payout ratio is -121.73%.

Institutional Trading of Chatham Lodging Trust

Several large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co grew its stake in Chatham Lodging Trust by 1.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 96,952 shares of the real estate investment trust’s stock valued at $979,000 after acquiring an additional 1,483 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Chatham Lodging Trust by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,705 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 1,702 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Chatham Lodging Trust by 4.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 95,824 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 3,870 shares in the last quarter. Algert Global LLC lifted its position in shares of Chatham Lodging Trust by 20.5% in the second quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 3,876 shares in the last quarter. Finally, Quarry LP increased its stake in Chatham Lodging Trust by 303.7% in the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 4,149 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

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.