Chatham Lodging Trust (CLDT) Releases Q4 2018 Earnings Guidance

Chatham Lodging Trust (NYSE:CLDT) issued an update on its fourth quarter 2018 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.32-0.36 for the period. Chatham Lodging Trust also updated its FY 2018 guidance to $1.88-1.92 EPS.

CLDT stock traded up $0.12 during trading on Wednesday, hitting $19.82. 16,988 shares of the company’s stock traded hands, compared to its average volume of 218,592. The firm has a market cap of $884.55 million, a price-to-earnings ratio of 9.26 and a beta of 1.15. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.66. Chatham Lodging Trust has a 1 year low of $17.90 and a 1 year high of $23.91.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.29). The firm had revenue of $86.59 million during the quarter, compared to analyst estimates of $83.34 million. Chatham Lodging Trust had a net margin of 11.54% and a return on equity of 4.61%. Analysts anticipate that Chatham Lodging Trust will post 1.92 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.32 dividend on an annualized basis and a yield of 6.66%. Chatham Lodging Trust’s dividend payout ratio is presently 61.68%.

A number of research firms have recently commented on CLDT. ValuEngine raised shares of Chatham Lodging Trust from a sell rating to a hold rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut shares of Chatham Lodging Trust from a hold rating to a sell rating in a research note on Friday, August 3rd. B. Riley boosted their target price on shares of Chatham Lodging Trust from $20.00 to $21.00 and gave the company a neutral rating in a report on Thursday, August 2nd. Stifel Nicolaus reiterated a hold rating and issued a $20.00 target price on shares of Chatham Lodging Trust in a report on Wednesday, August 1st. Finally, TheStreet upgraded shares of Chatham Lodging Trust from a c+ rating to a b- rating in a report on Thursday, July 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $21.20.

In other news, Director C Gerald Goldsmith sold 1,800 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $21.65, for a total value of $38,970.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is currently owned by company insiders.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 135 hotels totaling 18,518 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.

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