Zacks: Brokerages Anticipate Chatham Lodging Trust (CLDT) to Post $0.36 EPS

Equities research analysts expect that Chatham Lodging Trust (NYSE:CLDT) will announce earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Chatham Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.35. Chatham Lodging Trust posted earnings per share of $0.38 during the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The business is expected to announce its next quarterly earnings results on Monday, February 25th.

According to Zacks, analysts expect that Chatham Lodging Trust will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.91 to $1.92. For the next year, analysts forecast that the company will report earnings of $1.97 per share, with EPS estimates ranging from $1.86 to $2.04. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $90.23 million for the quarter, compared to the consensus estimate of $87.42 million. Chatham Lodging Trust had a return on equity of 4.46% and a net margin of 11.28%.

A number of brokerages have weighed in on CLDT. Zacks Investment Research downgraded Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. ValuEngine raised Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $21.20.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Chatham Lodging Trust by 3.2% during the third quarter. BlackRock Inc. now owns 7,907,458 shares of the real estate investment trust’s stock worth $165,188,000 after buying an additional 247,032 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Chatham Lodging Trust by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,246,705 shares of the real estate investment trust’s stock valued at $109,603,000 after purchasing an additional 32,722 shares during the last quarter. Northern Trust Corp grew its position in shares of Chatham Lodging Trust by 4.8% in the second quarter. Northern Trust Corp now owns 1,283,309 shares of the real estate investment trust’s stock valued at $27,232,000 after purchasing an additional 59,069 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Chatham Lodging Trust by 51.0% in the third quarter. Renaissance Technologies LLC now owns 1,053,300 shares of the real estate investment trust’s stock valued at $22,003,000 after purchasing an additional 355,600 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Chatham Lodging Trust by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 744,339 shares of the real estate investment trust’s stock valued at $15,549,000 after purchasing an additional 15,356 shares during the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CLDT traded down $0.83 during trading on Tuesday, reaching $19.26. 356,100 shares of the company’s stock were exchanged, compared to its average volume of 277,890. The company has a market cap of $929.86 million, a PE ratio of 9.00 and a beta of 1.08. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.65. Chatham Lodging Trust has a fifty-two week low of $17.90 and a fifty-two week high of $23.91.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date of this dividend is Thursday, November 29th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 61.68%.

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 136 hotels totaling 18,616 rooms/suites, comprised of 41 properties it wholly owns with an aggregate of 6,117 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 12,499 rooms/suites.

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