$0.30 Earnings Per Share Expected for Chatham Lodging Trust (NYSE:CLDT) This Quarter

Brokerages expect Chatham Lodging Trust (NYSE:CLDT) to announce $0.30 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Chatham Lodging Trust’s earnings, with estimates ranging from $0.30 to $0.31. Chatham Lodging Trust posted earnings of $0.39 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 23.1%. The firm is scheduled to issue its next quarterly earnings results on Monday, February 24th.

On average, analysts expect that Chatham Lodging Trust will report full-year earnings of $1.83 per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of $1.77 per share, with EPS estimates ranging from $1.68 to $1.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.36). The firm had revenue of $90.08 million for the quarter, compared to analyst estimates of $89.05 million. Chatham Lodging Trust had a return on equity of 2.62% and a net margin of 6.31%.

CLDT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, November 4th. B. Riley lowered their target price on shares of Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays set a $18.00 target price on shares of Chatham Lodging Trust and gave the stock a “hold” rating in a report on Monday, August 12th. ValuEngine upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets initiated coverage on shares of Chatham Lodging Trust in a report on Wednesday, October 16th. They set a “market perform” rating and a $17.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.50.

Shares of CLDT opened at $18.22 on Wednesday. The company has a market cap of $851.31 million, a price-to-earnings ratio of 9.34 and a beta of 1.06. Chatham Lodging Trust has a 1-year low of $16.29 and a 1-year high of $21.74. The company’s fifty day simple moving average is $17.92 and its 200 day simple moving average is $18.39. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.74.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be issued a $0.11 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.32 annualized dividend and a dividend yield of 7.24%. Chatham Lodging Trust’s dividend payout ratio is currently 67.69%.

In related news, Director Robert D. Perlmutter acquired 2,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $16.40 per share, for a total transaction of $41,000.00. Following the completion of the acquisition, the director now directly owns 45,666 shares in the company, valued at $748,922.40. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Chatham Lodging Trust by 16.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,612 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 1,929 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Chatham Lodging Trust by 20.5% in the second quarter. Nisa Investment Advisors LLC now owns 22,618 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 3,843 shares during the period. Bessemer Group Inc. grew its stake in Chatham Lodging Trust by 5.3% in the second quarter. Bessemer Group Inc. now owns 136,100 shares of the real estate investment trust’s stock worth $2,568,000 after purchasing an additional 6,800 shares during the period. Swiss National Bank grew its stake in Chatham Lodging Trust by 2.2% in the second quarter. Swiss National Bank now owns 86,700 shares of the real estate investment trust’s stock worth $1,636,000 after purchasing an additional 1,900 shares during the period. Finally, Aperio Group LLC purchased a new stake in Chatham Lodging Trust in the second quarter worth $135,000. Hedge funds and other institutional investors own 84.64% of the company’s stock.

Chatham Lodging Trust Company Profile

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 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 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 12,500 rooms/suites.

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Earnings History and Estimates for Chatham Lodging Trust (NYSE:CLDT)

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