Chatham Lodging Trust (REIT) (CLDT) Expected to Post Earnings of $0.65 Per Share

Equities analysts expect Chatham Lodging Trust (REIT) (NYSE:CLDT) to post $0.65 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Chatham Lodging Trust (REIT)’s earnings. Chatham Lodging Trust (REIT) reported earnings of $0.69 per share during the same quarter last year, which suggests a negative year over year growth rate of 5.8%. The business is expected to report its next quarterly earnings report on Wednesday, August 2nd.

On average, analysts expect that Chatham Lodging Trust (REIT) will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.18 to $2.20. For the next fiscal year, analysts forecast that the firm will post earnings of $2.13 per share, with EPS estimates ranging from $2.00 to $2.27. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Chatham Lodging Trust (REIT).

Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Chatham Lodging Trust (REIT) had a return on equity of 4.79% and a net margin of 11.15%. The firm had revenue of $69.22 million for the quarter, compared to analysts’ expectations of $69.16 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis.

A number of equities analysts have weighed in on the company. FBR & Co restated a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Friday, May 12th. Zacks Investment Research lowered Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Cantor Fitzgerald reiterated a “hold” rating and set a $19.00 price objective on shares of Chatham Lodging Trust (REIT) in a research report on Monday, March 6th. Stifel Nicolaus increased their price objective on Chatham Lodging Trust (REIT) to $19.00 in a research report on Thursday, February 23rd. Finally, Barclays PLC reiterated a “hold” rating and set a $21.00 price objective on shares of Chatham Lodging Trust (REIT) in a research report on Tuesday, February 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.60.

Several institutional investors have recently made changes to their positions in CLDT. Ranger Global Real Estate Advisors LLC purchased a new position in shares of Chatham Lodging Trust (REIT) during the first quarter valued at approximately $3,745,000. Goldman Sachs Group Inc. raised its position in shares of Chatham Lodging Trust (REIT) by 77.8% in the first quarter. Goldman Sachs Group Inc. now owns 109,088 shares of the real estate investment trust’s stock valued at $2,154,000 after buying an additional 47,730 shares during the period. HighTower Advisors LLC purchased a new position in shares of Chatham Lodging Trust (REIT) during the first quarter valued at approximately $208,000. State Street Corp raised its position in shares of Chatham Lodging Trust (REIT) by 14.0% in the first quarter. State Street Corp now owns 882,768 shares of the real estate investment trust’s stock valued at $17,438,000 after buying an additional 108,411 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Chatham Lodging Trust (REIT) by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 161,344 shares of the real estate investment trust’s stock valued at $3,187,000 after buying an additional 8,520 shares during the period. Hedge funds and other institutional investors own 83.70% of the company’s stock.

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The company also recently disclosed a monthly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 30th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.32 annualized dividend and a dividend yield of 6.49%. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 157.14%.

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.

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