Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Friday, February 9th, Zacks reports. Investors of record on Wednesday, February 28th will be given a dividend of 0.11 per share by the real estate investment trust on Friday, March 30th. This represents a $1.32 annualized dividend and a yield of 6.32%. The ex-dividend date is Tuesday, February 27th.
Chatham Lodging Trust has increased its dividend by an average of 12.8% annually over the last three years and has increased its dividend every year for the last 3 years. Chatham Lodging Trust has a dividend payout ratio of 61.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Chatham Lodging Trust to earn $2.15 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 61.4%.
Chatham Lodging Trust (NYSE:CLDT) traded up $0.05 on Thursday, reaching $20.89. The company had a trading volume of 17,790 shares, compared to its average volume of 308,976. The company has a market cap of $938.76, a P/E ratio of 30.65 and a beta of 1.01. Chatham Lodging Trust has a twelve month low of $18.66 and a twelve month high of $23.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42.
Several analysts recently issued reports on CLDT shares. Barclays boosted their price target on Chatham Lodging Trust from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. BidaskClub upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research downgraded Chatham Lodging Trust from a “buy” rating to a “sell” rating in a research note on Tuesday, November 14th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Chatham Lodging Trust currently has a consensus rating of “Hold” and an average target price of $21.25.
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Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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