Chatham Lodging Trust (NYSE:CLDT – Get Free Report) declared a quarterly dividend on Monday, March 3rd, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.02 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.98%.
Chatham Lodging Trust Price Performance
CLDT stock opened at $8.14 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. Chatham Lodging Trust has a 52 week low of $7.60 and a 52 week high of $10.46. The firm’s fifty day moving average is $8.68 and its 200 day moving average is $8.69. The firm has a market cap of $398.66 million, a P/E ratio of -35.39 and a beta of 1.80.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners assumed coverage on shares of Chatham Lodging Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $12.00 target price on the 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.
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