Chatham Lodging Trust (REIT) (CLDT) to Release Earnings on Tuesday

Chatham Lodging Trust (REIT) (NYSE:CLDT) will be releasing its earnings data before the market opens on Tuesday, October 31st. Analysts expect Chatham Lodging Trust (REIT) to post earnings of $0.30 per share for the quarter. Chatham Lodging Trust (REIT) has set its FY17 guidance at $2.07-2.17 EPS and its Q3 guidance at $0.63-0.67 EPS.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.52). The firm had revenue of $77.90 million for the quarter, compared to analysts’ expectations of $77.84 million. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The firm’s revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, analysts expect Chatham Lodging Trust (REIT) to post $2.17 EPS for the current fiscal year and $2.18 EPS for the next fiscal year.

Shares of Chatham Lodging Trust (CLDT) opened at 21.48 on Friday. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $22.36. The stock has a market capitalization of $841.33 million, a PE ratio of 32.55 and a beta of 1.07. The stock’s 50 day moving average price is $21.38 and its 200 day moving average price is $20.31.

The company also recently declared a monthly dividend, which will be paid on Friday, November 24th. Stockholders of record on Tuesday, October 31st will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Monday, October 30th. Chatham Lodging Trust (REIT)’s dividend payout ratio is presently 200.00%.

A number of analysts have recently issued reports on the company. BidaskClub raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. Janney Montgomery Scott assumed coverage on Chatham Lodging Trust (REIT) in a research note on Friday, September 15th. They issued a “neutral” rating and a $21.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Finally, Zacks Investment Research lowered Chatham Lodging Trust (REIT) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Chatham Lodging Trust (REIT) presently has an average rating of “Hold” and a consensus price target of $20.92.

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In related news, Director Robert D. Perlmutter sold 2,566 shares of Chatham Lodging Trust (REIT) stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the transaction, the director now owns 33,258 shares in the company, valued at $677,465.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

Chatham Lodging Trust (REIT) Company Profile

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

Earnings History for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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