Analysts Expect Chatham Lodging Trust (CLDT) Will Post Earnings of $0.62 Per Share

Equities research analysts expect that Chatham Lodging Trust (NYSE:CLDT) will report earnings per share of $0.62 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Chatham Lodging Trust’s earnings. Chatham Lodging Trust reported earnings of $0.68 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Chatham Lodging Trust will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.91 to $1.93. For the next financial year, analysts forecast that the company will report earnings of $1.97 per share, with EPS estimates ranging from $1.86 to $2.06. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.29). The company had revenue of $86.59 million for the quarter, compared to the consensus estimate of $83.34 million. Chatham Lodging Trust had a return on equity of 4.61% and a net margin of 11.54%.

Several analysts have recently issued reports on CLDT shares. Zacks Investment Research downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. TheStreet upgraded Chatham Lodging Trust from a “c+” rating to a “b-” rating in a research note on Thursday, July 12th. Stifel Nicolaus restated a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust in a research note on Wednesday, August 1st. B. Riley increased their target price on Chatham Lodging Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. Finally, ValuEngine downgraded Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.20.

In related news, Director C Gerald Goldsmith sold 1,800 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $21.65, for a total transaction of $38,970.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in Chatham Lodging Trust by 137.2% in the 2nd quarter. Assetmark Inc. now owns 5,296 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 3,063 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in Chatham Lodging Trust in the 2nd quarter valued at approximately $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $206,000. Piedmont Investment Advisors LLC acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $227,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Chatham Lodging Trust in the 1st quarter worth approximately $237,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Shares of CLDT traded down $0.31 during trading hours on Monday, hitting $20.52. 2,288 shares of the company were exchanged, compared to its average volume of 230,046. The company has a market cap of $955.66 million, a PE ratio of 9.59 and a beta of 1.13. Chatham Lodging Trust has a 52 week low of $17.90 and a 52 week high of $23.91. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 1.37.

The firm also recently announced a monthly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, September 28th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.32 annualized dividend and a yield of 6.43%. Chatham Lodging Trust’s payout ratio is 61.68%.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 135 hotels totaling 18,518 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.

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