Chatham Lodging Trust (CLDT) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Chatham Lodging Trust (NASDAQ:CLDT) posted its quarterly earnings results on Tuesday. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02, AmericanBankingNews.com reports. The company had revenue of $35.40 million for the quarter, compared to the consensus estimate of $34.16 million. During the same quarter last year, the company posted $0.46 earnings per share. Chatham Lodging Trust’s revenue was up 31.1% compared to the same quarter last year.
Shares of Chatham Lodging Trust (NASDAQ:CLDT) opened at 20.42 on Tuesday. Chatham Lodging Trust has a 52-week low of $13.01 and a 52-week high of $19.97. The stock’s 50-day moving average is $18.92 and its 200-day moving average is $18.33. The company’s market cap is $457.3 million.
The company also recently announced a monthly dividend, which is scheduled for Friday, November 29th. Investors of record on Thursday, October 31st will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Tuesday, October 29th.
A number of analysts have recently weighed in on CLDT shares. Analysts at Zacks upgraded shares of Chatham Lodging Trust from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. They now have a $20.40 price target on the stock. On the ratings front, analysts at Cantor Fitzgerald initiated coverage on shares of Chatham Lodging Trust in a research note to investors on Monday, October 7th. They set a “buy” rating and a $21.50 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $20.98.
Chatham Lodging Trust is a hotel investment company. The Company was formed to invest in extended-stay, select-service and full-service hotels.
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