Business

Chatham Lodging Trust (NYSE:CLDT) Issues Quarterly Earnings Results

Chatham Lodging Trust (NYSE:CLDT – Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32, Zacks reports. Chatham Lodging Trust had a return on equity of 1.19% and a net margin of 3.04%.The firm had revenue of $78.41 million for the quarter, compared to the consensus estimate of $79.68 million. Chatham Lodging Trust updated its FY 2025 guidance to 0.960-0.990 EPS and its Q4 2025 guidance to 0.140-0.17 EPS.

NYSE:CLDT traded up $0.19 during trading hours on Friday, hitting $6.62. The company’s stock had a trading volume of 315,938 shares, compared to its average volume of 306,924. The business’s 50-day moving average is $6.77 and its two-hundred day moving average is $7.00. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $324.00 million, a PE ratio of 220.50 and a beta of 1.44.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.36 annualized dividend and a yield of 5.4%. Chatham Lodging Trust’s payout ratio is presently 1,200.00%.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in Chatham Lodging Trust by 195.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,858 shares during the period. Strs Ohio purchased a new stake in shares of Chatham Lodging Trust during the 1st quarter valued at about $61,000. Acadian Asset Management LLC acquired a new position in Chatham Lodging Trust during the 1st quarter worth approximately $62,000. Creative Planning acquired a new position in Chatham Lodging Trust during the 2nd quarter worth approximately $164,000. Finally, Franklin Resources Inc. boosted its holdings in Chatham Lodging Trust by 8.4% in the 2nd quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 2,642 shares during the period. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Weiss Ratings upgraded Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.75.

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.

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