Equities analysts forecast that Chatham Lodging Trust (NYSE:CLDT) will post $0.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Chatham Lodging Trust’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.61. Chatham Lodging Trust also reported earnings per share of $0.59 during the same quarter last year. The company is scheduled to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Chatham Lodging Trust will report full-year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.90. For the next fiscal year, analysts forecast that the company will post earnings of $1.87 per share, with EPS estimates ranging from $1.79 to $1.94. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Chatham Lodging Trust.
Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.29). The firm had revenue of $75.68 million during the quarter, compared to the consensus estimate of $73.69 million. Chatham Lodging Trust had a net margin of 8.92% and a return on equity of 3.64%.
CLDT has been the topic of a number of recent research reports. TheStreet lowered Chatham Lodging Trust from a “b” rating to a “c+” rating in a research report on Thursday, March 7th. Zacks Investment Research lowered Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, B. Riley set a $20.00 price objective on Chatham Lodging Trust and gave the company a “hold” rating in a research report on Tuesday, February 26th. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $20.00.
CLDT traded down $0.17 during mid-day trading on Tuesday, reaching $20.23. The stock had a trading volume of 10,860 shares, compared to its average volume of 183,924. The firm has a market capitalization of $949.82 million, a price-to-earnings ratio of 10.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.25 and a current ratio of 1.25. Chatham Lodging Trust has a 52 week low of $17.29 and a 52 week high of $22.18.
The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, April 30th will be given a $0.11 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.32 annualized dividend and a dividend yield of 6.52%. Chatham Lodging Trust’s dividend payout ratio is currently 67.69%.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Chatham Lodging Trust by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 744,339 shares of the real estate investment trust’s stock worth $15,549,000 after buying an additional 15,356 shares during the period. Martingale Asset Management L P raised its stake in Chatham Lodging Trust by 49.4% during the 3rd quarter. Martingale Asset Management L P now owns 206,142 shares of the real estate investment trust’s stock worth $4,307,000 after buying an additional 68,133 shares during the period. Dimensional Fund Advisors LP raised its stake in Chatham Lodging Trust by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 693,738 shares of the real estate investment trust’s stock worth $14,492,000 after buying an additional 19,869 shares during the period. MetLife Investment Advisors LLC raised its stake in Chatham Lodging Trust by 26.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 30,549 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 6,296 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Chatham Lodging Trust by 48.6% during the 3rd quarter. Macquarie Group Ltd. now owns 16,200 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 5,300 shares during the period. Institutional investors and hedge funds own 84.83% 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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