Chatham Lodging Trust (REIT) (NYSE:CLDT) Announces Quarterly Dividend of $0.09

Chatham Lodging Trust (REIT) (NYSE:CLDT) announced a quarterly dividend on Wednesday, December 10th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.09 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, December 31st.

Chatham Lodging Trust has decreased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a payout ratio of 720.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Chatham Lodging Trust to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 32.1%.

Chatham Lodging Trust Trading Up 3.1%

CLDT traded up $0.21 during trading on Wednesday, reaching $6.81. 393,911 shares of the stock traded hands, compared to its average volume of 300,072. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $6.55 and its 200 day moving average is $6.94. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $10.00. The stock has a market capitalization of $330.18 million, a PE ratio of 680.50 and a beta of 1.12.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $78.41 million during the quarter, compared to analyst estimates of $79.68 million. Chatham Lodging Trust had a return on equity of 1.11% and a net margin of 2.89%.Chatham Lodging Trust has set its FY 2025 guidance at 0.960-0.990 EPS and its Q4 2025 guidance at 0.140-0.17 EPS. Equities analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Chatham Lodging Trust in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chatham Lodging Trust has a consensus rating of “Hold” and a consensus price target 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.