Equities analysts expect Chatham Lodging Trust (REIT) (NYSE:CLDT) to report sales of $79.58 million for the current quarter, Zacks reports. Three analysts have made estimates for Chatham Lodging Trust (REIT)’s earnings, with the highest sales estimate coming in at $79.90 million and the lowest estimate coming in at $79.25 million. Chatham Lodging Trust (REIT) posted sales of $79.73 million in the same quarter last year, which suggests a negative year over year growth rate of 0.2%. The company is expected to issue its next earnings report on Thursday, November 2nd.

On average, analysts expect that Chatham Lodging Trust (REIT) will report full-year sales of $79.58 million for the current year, with estimates ranging from $291.54 million to $293.87 million. For the next financial year, analysts anticipate that the business will post sales of $296.40 million per share, with estimates ranging from $289.07 million to $302.54 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Chatham Lodging Trust (REIT).

Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.52). Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The business had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.84 million. During the same period in the previous year, the business posted $0.69 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year.

CLDT has been the subject of a number of research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $19.50 price objective on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 7th. Cantor Fitzgerald reiterated a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a report on Thursday. Janney Montgomery Scott initiated coverage on Chatham Lodging Trust (REIT) in a report on Friday, September 15th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, JMP Securities upgraded Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.30.

In other news, Director Robert D. Perlmutter sold 2,566 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total value of $52,269.42. Following the sale, the director now directly owns 33,258 shares of the company’s stock, valued at $677,465.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CLDT. Northern Trust Corp boosted its position in shares of Chatham Lodging Trust (REIT) by 65.7% during the second quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock valued at $21,665,000 after buying an additional 427,418 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Chatham Lodging Trust (REIT) by 8.3% during the second quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock valued at $98,990,000 after buying an additional 376,788 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Chatham Lodging Trust (REIT) during the second quarter valued at $5,861,000. Bank of New York Mellon Corp boosted its position in shares of Chatham Lodging Trust (REIT) by 90.1% during the second quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock valued at $12,270,000 after buying an additional 289,400 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Chatham Lodging Trust (REIT) by 28.5% during the second quarter. State Street Corp now owns 1,133,956 shares of the real estate investment trust’s stock valued at $22,774,000 after buying an additional 251,188 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors.

Shares of Chatham Lodging Trust (NYSE CLDT) opened at 21.03 on Friday. Chatham Lodging Trust has a 52-week low of $16.45 and a 52-week high of $21.55. The company has a 50-day moving average of $20.27 and a 200 day moving average of $19.88. The firm has a market cap of $823.70 million, a P/E ratio of 31.86 and a beta of 1.05.

The business also recently announced a monthly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be paid a $0.11 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.28%. Chatham Lodging Trust (REIT)’s dividend payout ratio is currently 200.00%.

TRADEMARK VIOLATION WARNING: “Chatham Lodging Trust (REIT) (CLDT) Expected to Announce Quarterly Sales of $79.58 Million” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/23/chatham-lodging-trust-reit-cldt-expected-to-announce-quarterly-sales-of-79-58-million-3.html.

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.

Get a free copy of the Zacks research report on Chatham Lodging Trust (REIT) (CLDT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chatham Lodging Trust (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.