Chatham Lodging (CLDT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Does Chatham Lodging (CLDT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Chatham Lodging Trust NYSE: CLDT executives said the hotel REIT delivered a stronger-than-expected first quarter, supported by improving demand in Silicon Valley, expense controls, a recently closed acquisition and ongoing share repurchases.
Chatham Lodging Trust (CLDT) Q1 2026 Earnings Call Transcript
Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.2 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.14 per share a year ago.
Chatham Lodging Trust's preferred shares offer an 8.3% yield, underpinned by robust FFO coverage and a strong balance sheet. CLDT's preferred dividends require less than 15% of pre-distribution adjusted FFO, with this ratio expected to improve as acquisitions contribute. The recent $92M acquisition of six Hilton-branded hotels at a 10% cap rate is not yet reflected in 2026 guidance, providing potential upside.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Chatham Lodging Trust is a small-cap hospitality REIT trading at less than half its book value, presenting a compelling undervaluation. CLDT's portfolio is focused on extended-stay hotels, driving industry-leading EBITDA margins and resilience during economic downturns. The REIT boasts a strong balance sheet with net debt/EBITDA at 3.4x, no near-term maturities, and significant liquidity.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
CLDT buys six Hilton-branded hotels for $92M to boost earnings. The company raises its quarterly dividend 11% to $0.10, signaling confidence in lodging demand.