Donald Smith & CO. Inc. Makes New $52.59 Million Investment in Chatham Lodging Trust (REIT) $CLDT

Donald Smith & CO. Inc. purchased a new stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) in the second quarter, Holdings Channel reports. The institutional investor purchased 3,974,821 shares of the real estate investment trust’s stock, valued at approximately $52,587,000. Donald Smith & CO. Inc. owned about 0.09% of Chatham Lodging Trust at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $118,707,000. Sculptor Capital LP bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $14,901,000. Aegis Financial Corp acquired a new stake in Chatham Lodging Trust during the fourth quarter valued at approximately $4,621,000. Ameriprise Financial Inc. lifted its stake in Chatham Lodging Trust by 413.3% during the third quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock valued at $5,464,000 after purchasing an additional 655,265 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Chatham Lodging Trust by 394.2% during the second quarter. AQR Capital Management LLC now owns 486,346 shares of the real estate investment trust’s stock valued at $3,390,000 after purchasing an additional 387,937 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Price Performance

CLDT stock opened at $13.57 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.28. Chatham Lodging Trust has a one year low of $6.08 and a one year high of $13.88. The firm has a market capitalization of $633.45 million, a PE ratio of 169.65 and a beta of 1.08. The firm has a 50-day moving average of $13.14 and a two-hundred day moving average of $10.32.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $87.80 million during the quarter, compared to analysts’ expectations of $82.01 million. Chatham Lodging Trust had a net margin of 4.00% and a return on equity of 1.56%. Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. On average, analysts forecast that Chatham Lodging Trust will post 1.33 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.9%. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 500.00%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BMO Capital Markets restated a “market perform” rating and issued a $12.00 price target on shares of Chatham Lodging Trust in a research report on Friday, June 12th. Stifel Nicolaus increased their price objective on Chatham Lodging Trust from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research report on Tuesday, August 4th. Wall Street Zen raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings upgraded Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.00.

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.