Brokerages Expect Chatham Lodging Trust (REIT) (CLDT) to Announce $0.38 EPS

Wall Street analysts expect Chatham Lodging Trust (REIT) (NYSE:CLDT) to announce earnings per share (EPS) of $0.38 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Chatham Lodging Trust’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.38. Chatham Lodging Trust reported earnings per share of $0.44 during the same quarter last year, which suggests a negative year-over-year growth rate of 13.6%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, February 26th.

According to Zacks, analysts expect that Chatham Lodging Trust will report full-year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.17. For the next fiscal year, analysts forecast that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.04 to $2.25. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $81.40 million for the quarter, compared to the consensus estimate of $80.12 million. Chatham Lodging Trust had a return on equity of 3.90% and a net margin of 9.03%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share.

CLDT has been the topic of a number of recent research reports. Barclays lifted their price objective on Chatham Lodging Trust from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, October 6th. B. Riley reiterated a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.25.

Large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. bought a new position in shares of Chatham Lodging Trust in the second quarter valued at approximately $101,000. Schroder Investment Management Group bought a new position in shares of Chatham Lodging Trust in the third quarter valued at approximately $112,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Chatham Lodging Trust in the second quarter valued at approximately $167,000. Aperio Group LLC bought a new position in shares of Chatham Lodging Trust in the fourth quarter valued at approximately $223,000. Finally, Menta Capital LLC bought a new position in Chatham Lodging Trust in the 2nd quarter worth approximately $230,000. Institutional investors own 76.74% of the company’s stock.

Chatham Lodging Trust (NYSE:CLDT) traded down $0.76 during midday trading on Friday, reaching $21.60. The company’s stock had a trading volume of 367,294 shares, compared to its average volume of 296,695. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1,014.53, a P/E ratio of 31.76 and a beta of 1.01. Chatham Lodging Trust has a 12 month low of $18.66 and a 12 month high of $23.91.

The company also recently announced a monthly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Wednesday, January 31st will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Tuesday, January 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 194.12%.

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Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owned 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.

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