Zacks: Analysts Anticipate Chatham Lodging Trust (REIT) (CLDT) Will Announce Earnings of $0.38 Per Share

Equities analysts expect Chatham Lodging Trust (REIT) (NYSE:CLDT) to post earnings of $0.38 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Chatham Lodging Trust’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.38. Chatham Lodging Trust reported earnings of $0.44 per share during the same quarter last year, which suggests a negative year over year growth rate of 13.6%. The business is scheduled to report its next earnings results on Wednesday, February 28th.

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

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $81.40 million during the quarter, compared to analyst estimates of $80.12 million. Chatham Lodging Trust had a net margin of 9.03% and a return on equity of 3.90%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share.

Several research firms have weighed in on CLDT. Zacks Investment Research lowered shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. B. Riley reiterated a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. Cantor Fitzgerald reiterated a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust in a research note on Thursday, September 21st. Finally, Janney Montgomery Scott began coverage on shares of Chatham Lodging Trust in a research note on Friday, September 15th. They set a “neutral” rating and a $21.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.25.

Several institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. acquired a new stake in Chatham Lodging Trust in the second quarter worth about $101,000. Schroder Investment Management Group acquired a new stake in Chatham Lodging Trust in the 3rd quarter valued at about $112,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Chatham Lodging Trust in the 2nd quarter valued at about $167,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in Chatham Lodging Trust in the 2nd quarter valued at about $217,000. Finally, Menta Capital LLC acquired a new stake in Chatham Lodging Trust in the 2nd quarter valued at about $230,000. Institutional investors and hedge funds own 76.18% of the company’s stock.

Shares of Chatham Lodging Trust (NYSE CLDT) opened at $22.35 on Wednesday. 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 stock has a market cap of $902.31, a price-to-earnings ratio of 33.36 and a beta of 1.06. Chatham Lodging Trust has a 12 month low of $18.66 and a 12 month high of $23.91.

The company also recently declared a monthly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 29th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.32 annualized dividend and a dividend yield of 5.91%. Chatham Lodging Trust’s dividend payout ratio is currently 197.01%.

ILLEGAL ACTIVITY WARNING: This news story was reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://baseballnewssource.com/markets/zacks-analysts-anticipate-chatham-lodging-trust-reit-cldt-will-announce-earnings-of-0-38-per-share/1821937.html.

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 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.

Get a free copy of the Zacks research report on Chatham Lodging Trust (CLDT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.