Analysts forecast that Chatham Lodging Trust (NYSE:CLDT) will report sales of $72.23 million for the current quarter, according to Zacks. Three analysts have provided estimates for Chatham Lodging Trust’s earnings, with estimates ranging from $70.89 million to $73.60 million. Chatham Lodging Trust posted sales of $77.05 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The business is scheduled to issue its next earnings results on Monday, February 24th.
According to Zacks, analysts expect that Chatham Lodging Trust will report full-year sales of $324.45 million for the current fiscal year, with estimates ranging from $321.62 million to $327.20 million. For the next financial year, analysts expect that the business will report sales of $326.36 million, with estimates ranging from $318.15 million to $334.60 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Chatham Lodging Trust.
Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.36). Chatham Lodging Trust had a return on equity of 2.62% and a net margin of 6.31%. The business had revenue of $90.08 million during the quarter, compared to analyst estimates of $89.05 million.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. lifted its position in Chatham Lodging Trust by 10.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 23,871 shares of the real estate investment trust’s stock valued at $459,000 after purchasing an additional 2,209 shares during the period. Nisa Investment Advisors LLC raised its position in Chatham Lodging Trust by 20.5% during the 2nd 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 last quarter. Bessemer Group Inc. lifted its holdings in Chatham Lodging Trust by 5.3% during the 2nd quarter. Bessemer Group Inc. now owns 136,100 shares of the real estate investment trust’s stock worth $2,568,000 after buying an additional 6,800 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Chatham Lodging Trust during the 2nd quarter worth about $25,000. Finally, Systematic Financial Management LP lifted its holdings in Chatham Lodging Trust by 14.4% during the 2nd quarter. Systematic Financial Management LP now owns 282,590 shares of the real estate investment trust’s stock worth $5,332,000 after buying an additional 35,590 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.
CLDT stock traded up $0.03 during midday trading on Friday, hitting $18.17. 42,872 shares of the company’s stock were exchanged, compared to its average volume of 179,449. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.74. Chatham Lodging Trust has a 12-month low of $16.29 and a 12-month high of $21.74. The firm has a 50 day moving average price of $17.97 and a 200-day moving average price of $18.17. The stock has a market capitalization of $858.72 million, a price-to-earnings ratio of 9.32 and a beta of 1.05.
The company also recently announced a monthly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Wednesday, November 27th. Chatham Lodging Trust’s dividend payout ratio is presently 67.69%.
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 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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