B. Riley Equities Analysts Boost Earnings Estimates for CLDT

Chatham Lodging Trust (NYSE:CLDT) – B. Riley raised their Q4 2024 earnings estimates for shares of Chatham Lodging Trust in a report issued on Tuesday, November 12th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will earn $0.18 per share 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 upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th.

Chatham Lodging Trust Stock Performance

Shares of CLDT stock opened at $8.87 on Friday. The company has a market cap of $433.59 million, a P/E ratio of -38.54 and a beta of 1.79. The firm has a fifty day moving average price of $8.50 and a 200 day moving average price of $8.53. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32.

Chatham Lodging Trust Dividend Announcement

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

Institutional Trading of Chatham Lodging Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in Chatham Lodging Trust by 23.4% in the 1st quarter. BNP Paribas Financial Markets now owns 25,210 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 4,786 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Chatham Lodging Trust by 15.1% during the first quarter. Russell Investments Group Ltd. now owns 219,715 shares of the real estate investment trust’s stock worth $2,221,000 after buying an additional 28,884 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Chatham Lodging Trust by 18.0% in the 1st quarter. Donald Smith & CO. Inc. now owns 2,123,549 shares of the real estate investment trust’s stock valued at $21,469,000 after acquiring an additional 324,475 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Chatham Lodging Trust by 1.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 96,952 shares of the real estate investment trust’s stock valued at $979,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Chatham Lodging Trust by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,705 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 1,702 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

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.