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Chatham Lodging Trust

Chatham Lodging Trust

CLDT
$13.37USD↑+1.44%+0.19 today

MARKET CAP

624.1M

P/E (TTM)

668.5x

FWD P/E

—

DAY RANGE

$13 – $13

52W RANGE

$6
$14

AI Summary

Stalk
Buy NowMedium

CLDT remains in a Stage 2 advancing uptrend with higher highs and higher lows above rising EMAs and the 50 DMA. The mid-July Bullish Exhaustion led to a pullback that found support within the 9/21 EMA band and promptly reversed, confirming trend repair. Short-term conditions align with the medium-term bullish structure, as EMAs slope upward and RSI has normalized. The exhaustion pattern signals only a pause, not a reversal. Accordingly, we will buy now near the EMA support to capitalize on continued demand-led advance.

  • ↑Q1 hotel EBITDA rose 5% with overall RevPAR +5% YoY and 23% in Silicon Valley.
  • ↑Management raised guidance ~15% since February, underscoring revenue momentum.
  • ↓Management forecasts RevPAR down ~2% for remainder of year, stalling revenue.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Chatham Lodging Trust (NYSE: CLDT) is a real estate investment trust (REIT) primarily focused on investing in upscale, extended-stay hotel properties. The company strategically positions itself in high-demand locations, particularly in areas influenced by significant corporate demand and technological investments. As a key player in the lodging sector, Chatham aims to leverage its portfolio's unique advantages to deliver long-term shareholder value through disciplined asset management and operational excellence, capitalizing on trends such as the recovery in business travel post-pandemic.

Bull says

  • ↑Q1 hotel EBITDA rose 5% with overall RevPAR +5% YoY and 23% in Silicon Valley.
  • ↑Management raised guidance ~15% since February, underscoring revenue momentum.
  • ↑Repurchased 2.2 M shares (4% of equity) at $7.04 to enhance value.
  • ↑Acquired six Hilton-branded hotels for $92 M, diversifying cash flows.
  • ↑Raised dividend 11% to yield 3.28%, with a 32% payout ratio.
  • ↑Zacks upgraded to Strong Buy amid high earnings yield and strong revisions.

Bear says

  • ↓Management forecasts RevPAR down ~2% for remainder of year, stalling revenue.
  • ↓Geopolitical tensions could curb travel demand and occupancy rates.
  • ↓High short interest signals investor skepticism and potential selling pressure.
  • ↓Negative profitability factors imply weak margin conversion may limit EPS.
  • ↓Leverage remains elevated with ~$27 M capex planned, risking debt service if revenues slip.
  • ↓Oil price sensitivity and external shocks increase cash flow vulnerability.

Investment themes with CLDT

Hotel & Resorts REITs↑ +0.26%

RHP · APLE · DRH

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-11-2026neutral

Transcript signals

Bull points

  • Q1 2026 hotel EBITDA was $21.4 million, adjusted EBITDA was $18.4 million, and adjusted FFO was $0.20 per share, indicating positive performance for the quarter.
  • GOP margins for the quarter were up 60 basis points from Q1 2025 due to outstanding expense control, reflecting improved profitability management in the business.
  • Q1 hotel EBITDA margins increased by 140 basis points due to both strong expense control and $500,000 of property tax refunds in the quarter, which contributed positively to our financials.

Bear points

  • we are forecasting a RevPAR decline of about 2% for the rest of the year. Hopefully we have some upside there.
  • our Dallas and Austin hotels have felt the impact of convention demand fall off with convention centers under renovation and ongoing expansions. RevPAR at our courtyard Dallas was down 26% in the quarter, though the good news is that our comps get better in the second quarter, as we start to lap over prior weaknesses from the closure.
  • the intern business has come down significantly from pre-pandemic levels.
Read full transcript analysis ›