Chatham Lodging Trust (CLDT) Expected to Announce Quarterly Sales of $68.39 Million

Equities analysts forecast that Chatham Lodging Trust (NYSE:CLDT) will report $68.39 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Chatham Lodging Trust’s earnings, with the highest sales estimate coming in at $69.32 million and the lowest estimate coming in at $67.90 million. Chatham Lodging Trust posted sales of $67.24 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The company is scheduled to issue 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 sales of $68.39 million for the current year, with estimates ranging from $294.20 million to $297.85 million. For the next fiscal year, analysts anticipate that the company will report sales of $304.52 million per share, with estimates ranging from $297.55 million to $312.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Chatham Lodging Trust.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in Chatham Lodging Trust by 21.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 61,279 shares of the real estate investment trust’s stock worth $1,306,000 after acquiring an additional 10,705 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Chatham Lodging Trust by 3.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 214,283 shares of the real estate investment trust’s stock worth $4,568,000 after acquiring an additional 7,554 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Chatham Lodging Trust by 42.5% during the 3rd quarter. Wells Fargo & Company MN now owns 60,448 shares of the real estate investment trust’s stock worth $1,289,000 after acquiring an additional 18,027 shares in the last quarter. Boston Partners lifted its stake in Chatham Lodging Trust by 3.1% during the 3rd quarter. Boston Partners now owns 1,124,547 shares of the real estate investment trust’s stock worth $23,975,000 after acquiring an additional 33,450 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Chatham Lodging Trust by 61.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 13,400 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 5,100 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Chatham Lodging Trust (NYSE:CLDT) opened at $20.75 on Thursday. Chatham Lodging Trust has a 12 month low of $18.66 and a 12 month high of $23.91. The company has a market capitalization of $942.39, a price-to-earnings ratio of 9.27 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.86.

The company also recently announced 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. This represents a $1.32 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend is Tuesday, February 27th. Chatham Lodging Trust’s payout ratio is 194.12%.

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Chatham Lodging Trust 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). 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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