Wall Street brokerages forecast that Chatham Lodging Trust (REIT) (NYSE:CLDT) will report earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Chatham Lodging Trust’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.38. Chatham Lodging Trust reported earnings per share of $0.44 during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.6%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, February 26th.
On average, analysts expect that Chatham Lodging Trust will report full-year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.17. For the next year, analysts anticipate that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.04 to $2.25. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Chatham Lodging Trust.
Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $81.40 million during the quarter, compared to analysts’ expectations of $80.12 million. Chatham Lodging Trust had a return on equity of 3.90% and a net margin of 9.03%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS.
Several brokerages have weighed in on CLDT. Barclays reissued a “hold” rating and set a $23.00 price objective on shares of Chatham Lodging Trust in a report on Friday, December 15th. BidaskClub raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.25.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Chatham Lodging Trust by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock valued at $98,990,000 after purchasing an additional 376,788 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Chatham Lodging Trust by 0.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,325,682 shares of the real estate investment trust’s stock valued at $70,904,000 after purchasing an additional 17,912 shares during the period. State Street Corp grew its position in shares of Chatham Lodging Trust by 28.5% in the 2nd quarter. State Street Corp now owns 1,133,956 shares of the real estate investment trust’s stock valued at $22,774,000 after purchasing an additional 251,188 shares during the period. Boston Partners grew its position in shares of Chatham Lodging Trust by 3.1% in the 3rd quarter. Boston Partners now owns 1,124,547 shares of the real estate investment trust’s stock valued at $23,975,000 after purchasing an additional 33,450 shares during the period. Finally, Northern Trust Corp grew its position in shares of Chatham Lodging Trust by 65.7% in the 2nd quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock valued at $21,665,000 after purchasing an additional 427,418 shares during the period. Institutional investors and hedge funds own 76.74% of the company’s stock.
Shares of Chatham Lodging Trust (NYSE CLDT) traded down $0.41 during trading hours on Friday, reaching $22.27. The company’s stock had a trading volume of 110,365 shares, compared to its average volume of 316,508. The company has a market cap of $1,048.56, a PE ratio of 32.94 and a beta of 1.06. Chatham Lodging Trust has a 12-month low of $18.66 and a 12-month high of $23.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 23rd. Investors of record on Wednesday, January 31st will be given a $0.11 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.32 annualized dividend and a dividend yield of 5.93%. Chatham Lodging Trust’s dividend payout ratio is presently 194.12%.
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About Chatham Lodging Trust
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). The Company owned 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.
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