Chatham Lodging Trust (REIT) (NYSE:CLDT) Increases Dividend to $0.10 Per Share

Chatham Lodging Trust (REIT) (NYSE:CLDT) declared a quarterly dividend on Wednesday, March 4th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.10 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 11.1% increase from Chatham Lodging Trust’s previous quarterly dividend of $0.09.

Chatham Lodging Trust has raised its dividend by an average of 0.1%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 800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $0.40 annual dividend with an expected future payout ratio of 35.7%.

Chatham Lodging Trust Price Performance

NYSE:CLDT opened at $7.75 on Friday. The business’s 50-day moving average price is $7.54 and its 200 day moving average price is $7.02. The firm has a market cap of $365.95 million, a P/E ratio of 55.32 and a beta of 1.08. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $8.44. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.18.

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

Analysts Set New Price Targets

Several analysts recently commented on CLDT shares. Stifel Nicolaus set a $10.00 target price on shares of Chatham Lodging Trust in a research note on Wednesday, March 4th. Zacks Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings raised Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Chatham Lodging Trust has a consensus rating of “Buy” and an average target price of $10.00.

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.