Chatham Lodging Trust (CLDT) Announces Monthly Dividend of $0.11

Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Friday, January 11th, Wall Street Journal reports. Stockholders of record on Thursday, January 31st will be given a dividend of 0.11 per share by the real estate investment trust on Friday, February 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Wednesday, January 30th.

Chatham Lodging Trust has increased its dividend by an average of 3.8% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 68.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Chatham Lodging Trust to earn $1.98 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 66.7%.

Shares of CLDT traded up $0.09 on Friday, reaching $19.58. 257,611 shares of the stock traded hands, compared to its average volume of 292,826. The stock has a market cap of $903.81 million, a PE ratio of 9.15 and a beta of 1.10. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.65. Chatham Lodging Trust has a 12 month low of $17.29 and a 12 month high of $23.51.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $90.23 million for the quarter, compared to analysts’ expectations of $87.42 million. Chatham Lodging Trust had a return on equity of 4.46% and a net margin of 11.28%. Equities analysts forecast that Chatham Lodging Trust will post 1.92 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on CLDT. ValuEngine upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research cut Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.60.

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About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 136 hotels totaling 18,616 rooms/suites, comprised of 41 properties it wholly owns with an aggregate of 6,117 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,499 rooms/suites.

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Dividend History for Chatham Lodging Trust (NYSE:CLDT)

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