Brokerages Expect Chatham Lodging Trust (NYSE:CLDT) to Announce $0.30 Earnings Per Share

Analysts expect Chatham Lodging Trust (NYSE:CLDT) to post earnings of $0.30 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Chatham Lodging Trust’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.30. Chatham Lodging Trust posted earnings of $0.39 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 23.1%. The firm is expected to announce its next quarterly earnings report 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 financial year. For the next fiscal year, analysts forecast that the business will post earnings of $1.77 per share, with EPS estimates ranging from $1.68 to $1.85. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.36). The company had revenue of $90.08 million during the quarter, compared to analysts’ expectations 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 several recent analyst reports. Zacks Investment Research upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Monday. Barclays set a $18.00 target price on shares of Chatham Lodging Trust and gave the company a “hold” rating in a research report on Monday, August 12th. BMO Capital Markets assumed coverage on Chatham Lodging Trust in a research report on Wednesday, October 16th. They issued a “market perform” rating and a $17.00 price target for the company. Finally, ValuEngine raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.50.

CLDT stock traded up $0.03 during trading on Friday, hitting $18.17. 42,872 shares of the stock traded hands, compared to its average volume of 179,449. Chatham Lodging Trust has a 1 year low of $16.29 and a 1 year high of $21.74. The firm’s 50 day moving average is $17.97 and its two-hundred day moving average is $18.17. The stock has a market cap of $858.72 million, a price-to-earnings ratio of 9.32 and a beta of 1.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.41 and a quick ratio of 1.41.

The business also recently announced a monthly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend is Wednesday, November 27th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 67.69%.

A number of institutional investors and hedge funds have recently bought and sold shares of CLDT. Steward Partners Investment Advisory LLC bought a new stake in Chatham Lodging Trust in the 2nd quarter valued at $25,000. Phocas Financial Corp. purchased a new stake in Chatham Lodging Trust in the 2nd quarter worth $2,783,000. Tower Research Capital LLC TRC bought a new position in shares of Chatham Lodging Trust during the 3rd quarter valued at about $35,000. Bank of Montreal Can boosted its holdings in shares of Chatham Lodging Trust by 1,116.0% during the 2nd quarter. Bank of Montreal Can now owns 4,572 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 4,196 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at about $135,000. 86.71% of the stock is owned by institutional investors.

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

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