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