Q4 EPS Estimate for Chatham Lodging Trust Raised by Analyst

Chatham Lodging Trust (NYSE:CLDT) – Stock analysts at B. Riley boosted their Q4 2024 earnings per share (EPS) estimates for Chatham Lodging Trust in a research report issued on Tuesday, November 12th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $0.18 for the quarter, up from their prior estimate of $0.17. The consensus estimate for Chatham Lodging Trust’s current full-year earnings is $1.07 per share. B. Riley also issued estimates for Chatham Lodging Trust’s FY2025 earnings at $1.18 EPS, Q3 2026 earnings at $0.42 EPS and FY2026 earnings at $1.26 EPS.

Separately, StockNews.com raised Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

Chatham Lodging Trust Trading Down 1.6 %

Shares of CLDT stock opened at $8.86 on Friday. The company has a market capitalization of $433.34 million, a price-to-earnings ratio of -38.52 and a beta of 1.79. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $8.50 and a 200 day moving average price of $8.52. Chatham Lodging Trust has a twelve month low of $7.60 and a twelve month high of $11.32.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, September 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.16%. Chatham Lodging Trust’s dividend payout ratio is presently -121.73%.

Institutional Investors Weigh In On Chatham Lodging Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its holdings in shares of Chatham Lodging Trust by 30.8% during the third quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after purchasing an additional 72,420 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Chatham Lodging Trust by 3,633.4% during the second quarter. Quest Partners LLC now owns 72,055 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 70,125 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Chatham Lodging Trust by 44.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock worth $2,127,000 after acquiring an additional 76,439 shares in the last quarter. Long Pond Capital LP acquired a new stake in Chatham Lodging Trust during the 2nd quarter worth about $5,617,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Chatham Lodging Trust by 23.4% during the first quarter. BNP Paribas Financial Markets now owns 25,210 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 4,786 shares during the period. 88.37% of the stock is owned by institutional investors and hedge funds.

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.