Chatham Lodging Trust (REIT) (CLDT) to Release Quarterly Earnings on Tuesday
Chatham Lodging Trust (REIT) (NYSE:CLDT) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Chatham Lodging Trust (REIT) has set its FY17 guidance at $2.07-2.17 EPS and its Q3 guidance at $0.63-0.67 EPS.
Chatham Lodging Trust (REIT) (NYSE:CLDT) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.52). Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. On average, analysts expect Chatham Lodging Trust (REIT) to post $2.17 EPS for the current fiscal year and $2.18 EPS for the next fiscal year.
Chatham Lodging Trust (CLDT) opened at 21.50 on Tuesday. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $22.36. The stock’s 50 day moving average is $21.27 and its 200 day moving average is $20.26. The company has a market cap of $842.11 million, a PE ratio of 32.58 and a beta of 1.07.
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 24th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, October 30th. This represents a $1.32 annualized dividend and a dividend yield of 6.14%. Chatham Lodging Trust (REIT)’s payout ratio is 200.00%.
A number of research firms recently weighed in on CLDT. BidaskClub raised shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, October 6th. Stifel Nicolaus reissued a “hold” rating and issued a $19.50 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Cantor Fitzgerald reissued a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. Finally, Janney Montgomery Scott began coverage on shares of Chatham Lodging Trust (REIT) in a research note on Friday, September 15th. They issued a “neutral” rating and a $21.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Chatham Lodging Trust (REIT) presently has an average rating of “Hold” and an average price target of $20.92.
In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total value of $52,269.42. Following the transaction, the director now directly owns 33,258 shares in the company, valued at $677,465.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.60% of the stock is owned by insiders.
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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