Chatham Lodging Trust (NYSE:CLDT) Declares $0.02 Quarterly Dividend

Chatham Lodging Trust (NYSE:CLDT) announced a quarterly dividend on Monday, March 3rd, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.02 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.08 annualized dividend and a yield of 0.96%.

Chatham Lodging Trust Stock Performance

Shares of Chatham Lodging Trust stock traded up $0.25 during trading hours on Monday, hitting $8.33. 42,529 shares of the company’s stock traded hands, compared to its average volume of 297,047. The stock has a market capitalization of $407.48 million, a price-to-earnings ratio of -36.22 and a beta of 1.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. Chatham Lodging Trust has a 12-month low of $7.60 and a 12-month high of $10.45. The company has a fifty day simple moving average of $8.68 and a 200-day simple moving average of $8.68.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on shares of Chatham Lodging Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price target on the stock.

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.