Chatham Lodging Trust (CLDT) Releases FY14 Earnings Guidance
Chatham Lodging Trust (NASDAQ:CLDT) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.86-1.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.81, Stock Ratings Network reports. The company issued revenue guidance of $169.25 million, compared to the consensus revenue estimate of prior $1.71-1.77.
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 on Wednesday, June 11th. They now have a $24.70 price target on the stock. Analysts at FBR Capital Markets raised their price target on shares of Chatham Lodging Trust from $24.00 to $25.00 in a research note on Monday, May 12th. They now have an outperform rating on the stock. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of $23.43.
Chatham Lodging Trust (NASDAQ:CLDT) opened at 22.93 on Tuesday. Chatham Lodging Trust has a 1-year low of $16.13 and a 1-year high of $23.12. The stock’s 50-day moving average is $22.02 and its 200-day moving average is $20.86. The company has a market cap of $601.0 million and a price-to-earnings ratio of 206.76.
Chatham Lodging Trust (NASDAQ:CLDT) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $36.87 million for the quarter, compared to the consensus estimate of $34.42 million. During the same quarter last year, the company posted $0.26 earnings per share. Chatham Lodging Trust’s revenue was up 43.0% compared to the same quarter last year. On average, analysts predict that Chatham Lodging Trust will post $1.82 earnings per share for the current fiscal year.
The company also recently announced a jun 14 dividend, which is scheduled for Friday, July 25th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.08 per share. This represents a dividend yield of 4.3%. The ex-dividend date is Thursday, June 26th.
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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