Wall Street analysts expect that Chatham Lodging Trust (NYSE:CLDT) will report $0.35 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Chatham Lodging Trust’s earnings. Chatham Lodging Trust reported earnings per share of $0.47 in the same quarter last year, which suggests a negative year-over-year growth rate of 25.5%. The company is scheduled to announce its next earnings results on Tuesday, May 8th.
On average, analysts expect that Chatham Lodging Trust will report full year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.93. For the next year, analysts forecast that the firm will report earnings of $1.92 per share, with EPS estimates ranging from $1.81 to $2.02. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Chatham Lodging Trust.
Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). The firm had revenue of $70.32 million for the quarter, compared to analyst estimates of $68.50 million. Chatham Lodging Trust had a return on equity of 4.11% and a net margin of 9.86%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share.
Several analysts recently issued reports on CLDT shares. Cantor Fitzgerald set a $20.00 price target on Chatham Lodging Trust and gave the company a “hold” rating in a report on Thursday, March 1st. Barclays lowered their price target on Chatham Lodging Trust from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Zacks Investment Research downgraded Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. B. Riley lowered their price target on Chatham Lodging Trust from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Chatham Lodging Trust presently has an average rating of “Hold” and a consensus price target of $21.00.
In other news, EVP Peter Willis acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $18.30 per share, with a total value of $36,600.00. Following the transaction, the executive vice president now directly owns 68,233 shares in the company, valued at approximately $1,248,663.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Gerald Goldsmith acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was purchased at an average cost of $18.32 per share, with a total value of $91,600.00. Following the completion of the transaction, the director now owns 26,328 shares in the company, valued at $482,328.96. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 14,715 shares of company stock valued at $270,485. 3.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of Chatham Lodging Trust by 1.4% during the third quarter. Principal Financial Group Inc. now owns 295,892 shares of the real estate investment trust’s stock worth $6,308,000 after purchasing an additional 4,159 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Chatham Lodging Trust by 33.2% during the third quarter. BNP Paribas Arbitrage SA now owns 32,222 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 8,034 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Chatham Lodging Trust by 63.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 14,770 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 5,710 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Chatham Lodging Trust by 21.2% during the third quarter. Russell Investments Group Ltd. now owns 61,279 shares of the real estate investment trust’s stock worth $1,306,000 after purchasing an additional 10,705 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Chatham Lodging Trust during the third quarter worth about $278,000. 88.61% of the stock is owned by institutional investors.
Shares of NYSE CLDT opened at $19.18 on Wednesday. Chatham Lodging Trust has a 12-month low of $17.90 and a 12-month high of $23.91. The firm has a market capitalization of $895.34, a P/E ratio of 8.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28.
The company also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, March 29th will be given a $0.11 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.32 dividend on an annualized basis and a yield of 6.88%. Chatham Lodging Trust’s payout ratio is currently 61.68%.
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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 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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