Chatham Lodging Trust (REIT) (NYSE:CLDT) Short Interest Down 16.7% in February

Chatham Lodging Trust (REIT) (NYSE:CLDT) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 609,114 shares, a decrease of 16.7% from the February 12th total of 731,161 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average trading volume of 290,279 shares, the days-to-cover ratio is currently 2.1 days. Based on an average trading volume of 290,279 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.4% of the company’s shares are sold short.

Chatham Lodging Trust Stock Up 4.9%

NYSE:CLDT traded up $0.37 during mid-day trading on Monday, hitting $7.87. The company had a trading volume of 147,692 shares, compared to its average volume of 281,991. The business has a fifty day simple moving average of $7.37 and a 200-day simple moving average of $6.99. The firm has a market capitalization of $371.86 million, a price-to-earnings ratio of 56.21 and a beta of 1.08. Chatham Lodging Trust has a 1 year low of $5.83 and a 1 year high of $8.44. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18.

Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). Chatham Lodging Trust had a return on equity of 1.92% and a net margin of 5.10%.The company had revenue of $67.74 million during the quarter, compared to analysts’ expectations of $67.22 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. Equities analysts forecast that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.1%. This is a positive change from Chatham Lodging Trust’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, March 31st. Chatham Lodging Trust’s dividend payout ratio is 257.14%.

Institutional Trading of Chatham Lodging Trust

A number of hedge funds have recently made changes to their positions in CLDT. Vanguard Group Inc. boosted its stake in shares of Chatham Lodging Trust by 0.4% in the third quarter. Vanguard Group Inc. now owns 5,105,021 shares of the real estate investment trust’s stock valued at $34,255,000 after purchasing an additional 21,541 shares during the period. Donald Smith & CO. Inc. lifted its holdings in Chatham Lodging Trust by 1.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock worth $31,902,000 after buying an additional 88,879 shares in the last quarter. Sculptor Capital LP lifted its holdings in Chatham Lodging Trust by 10.6% in the 4th quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock worth $16,108,000 after buying an additional 227,500 shares in the last quarter. Geode Capital Management LLC boosted its position in Chatham Lodging Trust by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,291,554 shares of the real estate investment trust’s stock valued at $8,797,000 after buying an additional 32,861 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Chatham Lodging Trust by 3.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,252,627 shares of the real estate investment trust’s stock valued at $8,731,000 after buying an additional 38,748 shares during the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CLDT shares. Stifel Nicolaus set a $10.00 target price on Chatham Lodging Trust in a report on Wednesday, March 4th. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Finally, Zacks Research raised shares of Chatham Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.00.

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.