Equities research analysts predict that Chatham Lodging Trust (REIT) (NYSE:CLDT) will post sales of $80.15 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Chatham Lodging Trust (REIT)’s earnings. The lowest sales estimate is $79.60 million and the highest is $80.59 million. Chatham Lodging Trust (REIT) posted sales of $79.73 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The firm is expected to report its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Chatham Lodging Trust (REIT) will report full year sales of $80.15 million for the current fiscal year, with estimates ranging from $293.30 million to $295.14 million. For the next year, analysts forecast that the business will report sales of $298.96 million per share, with estimates ranging from $297.12 million to $302.15 million. Zacks’ sales averages are an average based on a survey of analysts that follow Chatham Lodging Trust (REIT).

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

Several research firms recently weighed in on CLDT. Zacks Investment Research upgraded Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, October 6th. BidaskClub upgraded Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research note on Tuesday. Cantor Fitzgerald restated a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. Janney Montgomery Scott began coverage on Chatham Lodging Trust (REIT) in a research note on Friday, September 15th. They set a “neutral” rating and a $21.00 target price for the company. Finally, Stifel Nicolaus restated a “hold” rating and set a $19.50 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.92.

Chatham Lodging Trust (CLDT) traded down 0.09% during mid-day trading on Thursday, hitting $21.68. 13,985 shares of the company’s stock traded hands. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $21.90. The stock has a market cap of $849.16 million, a PE ratio of 32.85 and a beta of 1.07. The firm’s 50-day moving average price is $20.80 and its 200-day moving average price is $20.10.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 24th. Shareholders of record on Tuesday, October 31st will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Monday, October 30th. Chatham Lodging Trust (REIT)’s dividend payout ratio is currently 200.00%.

In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 33,258 shares in the company, valued at $677,465.46. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake 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 worth $98,990,000 after purchasing an additional 376,788 shares during the last quarter. State Street Corp raised its stake 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 worth $22,774,000 after purchasing an additional 251,188 shares during the last quarter. Boston Partners raised its stake in shares of Chatham Lodging Trust (REIT) by 2.1% during the second quarter. Boston Partners now owns 1,091,097 shares of the real estate investment trust’s stock worth $21,920,000 after purchasing an additional 22,621 shares during the last quarter. Northern Trust Corp raised its stake 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 worth $21,665,000 after purchasing an additional 427,418 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 worth $12,270,000 after purchasing an additional 289,400 shares during the last quarter. Institutional investors own 83.10% of the company’s stock.

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About Chatham Lodging Trust (REIT)

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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