Chatham Lodging Trust (CLDT) PT Raised to $14 at Stifel on Updated Estimates

Stifel analyst Simon Yarmak raised the price target on Chatham Lodging Trust (NYSE: CLDT) to $14.00 (from $13.00) while maintaining a Buy rating.

The analyst commented, "With its 1Q release, the company updated its previously provided FY26 adjusted FFO per share guidance to $1.21-$1.29 and adjusted EBITDA of $95.3-$99.6 million. The company is guiding to RevPAR growth of 0.0%-2.0% and hotel EBITDA margins of 34.6%-35.3%. The company pays a quarterly dividend of $0.10/sh, which on an annualized basis yields 3.1%. The company's net-debt to 2027E EBITDA is 3.9x, above the industry average of 3.4x, and net debt+preferred/ EV is 46.2%, above the industry average of 31.9%. The current implied EV/EBITDA multiple is 10.8x on our adjusted 2027E EBITDA of $106.1 million. Shares trade at an enterprise value of $204.5k/key, a 35.2% discount to our adjusted replacement cost estimate of $315k/key."

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