Chatham Lodging Trust Acquires $92M in Hotels and Raises Dividend 11%
An analyst set Chatham Lodging Trust’s price target to $10, implying 20.8% upside following its acquisition of six hotels for $92 million. The REIT also boosted its quarterly dividend by 11% to $0.10 per share and declared a $0.41 preferred dividend, reflecting its focus on shareholder returns.
1. Analyst Sets $10 Price Target
An analyst set a $10 price target on Chatham Lodging Trust, implying about 20.8% upside from its trading price of $8.28.
2. Strategic Hotel Acquisition
The company acquired six upscale hotels for $92 million, averaging $156,000 per room, to strengthen its extended-stay and select-service portfolio.
3. Dividend Policy Update
Chatham raised its quarterly common dividend by 11% to $0.10 per share and declared a $0.41 per share preferred dividend, payable April 15, 2026.
4. Executive Strategic Outlook
President and CEO Jeffrey H. Fisher cited historically low new supply growth and investments in artificial intelligence as key drivers for future portfolio performance.