Chatham Lodging Trust (NYSE:CLDT - Get Free Report) declared a quarterly dividend on Monday, March 3rd, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.02 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.08 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Monday, March 31st.
Chatham Lodging Trust Stock Performance
Shares of CLDT traded down $0.08 during mid-day trading on Thursday, reaching $8.12. 538,968 shares of the company's stock traded hands, compared to its average volume of 373,151. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $10.46. The stock has a market capitalization of $397.43 million, a P/E ratio of -35.28 and a beta of 1.80. The business's 50-day moving average price is $8.61 and its 200-day moving average price is $8.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96.
Analysts Set New Price Targets
Separately, Alliance Global Partners initiated coverage on Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a "buy" rating and a $12.00 price target for the company.
Read Our Latest Stock Report on CLDT
About Chatham Lodging Trust
(
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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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