Chatham Lodging Trust (NYSE:CLDT) Issues Earnings Results

Chatham Lodging Trust (NYSE:CLDT) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02, FiscalAI reports. The firm had revenue of $87.80 million for the quarter, compared to the consensus estimate 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 updated its FY 2026 guidance to 1.280-1.340 EPS.

Here are the key takeaways from Chatham Lodging Trust’s conference call:

• Chatham raised its 2026 guidance by approximately 20% from the start of the year, citing a strong second quarter, the Midwest acquisition and share repurchases. Full-year adjusted FFO guidance is now $1.28–$1.34 per share, with adjusted EBITDA guidance of $99.2 million–$102.3 million.
• Second-quarter RevPAR increased 3.3%, while hotel EBITDA reached $35.7 million and adjusted FFO was $0.48 per share. Expense controls drove a 220-basis-point increase in hotel EBITDA margins, supported by labor productivity, lower repairs and maintenance costs, property-tax refunds and reduced insurance costs.
• The six-hotel Midwest portfolio is outperforming expectations, with second-quarter RevPAR up 8.6%, 83% occupancy and $3.2 million of hotel EBITDA; July RevPAR rose 13%. Management also highlighted additional potential demand from major manufacturing, uranium-enrichment and data-center investments near the properties.
• Silicon Valley remained a major growth driver, with second-quarter RevPAR up 7% and July RevPAR up 26%, including a 41% increase at the two Sunnyvale hotels. Management cited double-digit demand growth from major technology accounts and expects further upside as corporate and technology activity expands.
• Management is assuming only low-single-digit RevPAR growth from September through December because of geopolitical uncertainty and limited visibility, despite strong July results. Convention-oriented hotels also faced weakness, with portfolio convention RevPAR down 5% and San Diego RevPAR down 9%; the company is marketing a smaller hotel for sale, with proceeds expected to be below $20 million.

Chatham Lodging Trust Stock Performance

Shares of NYSE:CLDT traded down $0.33 on Thursday, reaching $13.05. 114,935 shares of the company’s stock were exchanged, compared to its average volume of 343,360. The company has a fifty day moving average of $12.81 and a 200-day moving average of $9.85. Chatham Lodging Trust has a twelve month low of $6.08 and a twelve month high of $13.88. The company has a market capitalization of $609.17 million, a price-to-earnings ratio of 163.15 and a beta of 1.08. The company has a current ratio of 0.72, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.

Chatham Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued 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 3.1%. Chatham Lodging Trust’s payout ratio is currently 2,000.00%.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of large investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its stake in Chatham Lodging Trust by 9.1% during the third quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 2,017 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Chatham Lodging Trust by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust’s stock valued at $4,190,000 after purchasing an additional 2,496 shares in the last quarter. Franklin Resources Inc. increased its stake in Chatham Lodging Trust by 8.4% in the second quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 2,642 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Chatham Lodging Trust by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 63,786 shares of the real estate investment trust’s stock valued at $434,000 after purchasing an additional 3,186 shares during the period. Finally, Quarry LP raised its holdings in shares of Chatham Lodging Trust by 61.9% during the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 3,300 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

Wall Street Analysts Forecast Growth

CLDT has been the subject of several research analyst reports. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday. Zacks Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Stifel Nicolaus increased their target price on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $12.00 target price on shares of Chatham Lodging Trust in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Chatham Lodging Trust currently has a consensus rating of “Moderate Buy” and a consensus target price 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.