Zacks: Analysts Anticipate Chatham Lodging Trust (CLDT) to Post $0.38 EPS

Equities analysts expect Chatham Lodging Trust (NYSE:CLDT) to report $0.38 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Chatham Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.37. Chatham Lodging Trust posted earnings per share of $0.44 during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.6%. The business is expected to announce its next earnings results before the market opens on Monday, February 26th.

According to Zacks, analysts expect that Chatham Lodging Trust will report full year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.17. For the next financial year, analysts forecast that the business will post earnings of $2.15 per share, with EPS estimates ranging from $2.04 to $2.25. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Chatham Lodging Trust.

Several equities analysts recently weighed in on the company. Barclays reissued a “hold” rating and set a $23.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, December 15th. BidaskClub upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, B. Riley restated a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.25.

A number of institutional investors and hedge funds have recently modified their holdings of CLDT. Schroder Investment Management Group bought a new position in Chatham Lodging Trust during the third quarter valued at about $112,000. Teachers Retirement System of The State of Kentucky bought a new position in Chatham Lodging Trust during the second quarter valued at about $167,000. Aperio Group LLC bought a new position in Chatham Lodging Trust during the fourth quarter valued at about $223,000. Raymond James Financial Services Advisors Inc. bought a new position in Chatham Lodging Trust during the second quarter valued at about $239,000. Finally, Eqis Capital Management Inc. bought a new position in Chatham Lodging Trust during the third quarter valued at about $251,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Chatham Lodging Trust (NYSE CLDT) opened at $20.68 on Tuesday. Chatham Lodging Trust has a 12-month low of $18.66 and a 12-month high of $23.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $938.36, a PE ratio of 30.87 and a beta of 1.01.

The company also recently declared a monthly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.32 annualized dividend and a yield of 6.38%. Chatham Lodging Trust’s dividend payout ratio is 197.01%.

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About Chatham Lodging Trust

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). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.

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