Zacks: Analysts Expect Chatham Lodging Trust (REIT) (CLDT) to Announce $0.38 EPS

Brokerages expect Chatham Lodging Trust (REIT) (NYSE:CLDT) to announce earnings per share of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Chatham Lodging Trust (REIT)’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.37. Chatham Lodging Trust (REIT) reported earnings of $0.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 442.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Chatham Lodging Trust (REIT) will report full year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.15 to $2.17. For the next financial year, analysts anticipate that the business will post earnings of $2.15 per share, with EPS estimates ranging from $2.06 to $2.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Chatham Lodging Trust (REIT).

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

A number of analysts recently issued reports on the company. BidaskClub raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Barclays PLC upped their target price on Chatham Lodging Trust (REIT) from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 1st. Janney Montgomery Scott assumed coverage on Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They issued a “neutral” rating and a $21.00 target price for the company. JMP Securities raised Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.08.

Shares of Chatham Lodging Trust (CLDT) opened at $22.62 on Friday. The stock has a market capitalization of $1,026.34, a PE ratio of 10.10 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42. Chatham Lodging Trust has a 1 year low of $18.66 and a 1 year high of $23.27.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.32 dividend on an annualized basis and a yield of 5.84%. Chatham Lodging Trust (REIT)’s payout ratio is 194.12%.

Institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. acquired a new stake in Chatham Lodging Trust (REIT) during the 2nd quarter worth approximately $101,000. Schroder Investment Management Group acquired a new stake in Chatham Lodging Trust (REIT) during the 3rd quarter worth approximately $112,000. State of Alaska Department of Revenue acquired a new stake in Chatham Lodging Trust (REIT) during the 2nd quarter worth approximately $151,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Chatham Lodging Trust (REIT) during the 2nd quarter worth approximately $167,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Chatham Lodging Trust (REIT) during the 2nd quarter worth approximately $182,000. 76.69% of the stock is owned by institutional investors.

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Chatham Lodging Trust (REIT) 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). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

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