Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Friday, February 9th, Zacks reports. Shareholders of record on Wednesday, February 28th will be given a dividend of 0.11 per share by the real estate investment trust on Friday, March 30th. This represents a $1.32 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Tuesday, February 27th.
Chatham Lodging Trust has increased its dividend payment by an average of 12.8% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 61.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Chatham Lodging Trust to earn $2.15 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 61.4%.
Shares of Chatham Lodging Trust (NYSE CLDT) opened at $20.84 on Thursday. The stock has a market cap of $938.76, a P/E ratio of 30.65 and a beta of 1.01. Chatham Lodging Trust has a fifty-two week low of $18.66 and a fifty-two week high of $23.91. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.86.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday. Barclays restated a “hold” rating and issued a $23.00 price objective on shares of Chatham Lodging Trust in a report on Friday, December 15th. BidaskClub upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, B. Riley restated a “neutral” rating on shares of Chatham Lodging Trust in a report on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Chatham Lodging Trust presently has a consensus rating of “Hold” and an average target price of $21.25.
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Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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