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

Analysts expect that Chatham Lodging Trust (REIT) (NYSE:CLDT) will report sales of $68.39 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Chatham Lodging Trust’s earnings. The lowest sales estimate is $67.90 million and the highest is $69.32 million. Chatham Lodging Trust posted sales of $67.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The company is expected to announce its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Chatham Lodging Trust will report full-year sales of $68.39 million for the current fiscal year, with estimates ranging from $294.20 million to $297.85 million. For the next year, analysts forecast 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 sell-side research analysts that follow Chatham Lodging Trust.

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

Several equities research analysts recently commented on the company. BidaskClub raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Cantor Fitzgerald reissued a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust in a report on Thursday, September 21st. Janney Montgomery Scott assumed coverage on Chatham Lodging Trust in a report on Friday, September 15th. They set a “neutral” rating and a $21.00 target price on the stock. Zacks Investment Research cut Chatham Lodging Trust from a “buy” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Barclays reissued a “hold” rating and set a $23.00 target price on shares of Chatham Lodging Trust in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Chatham Lodging Trust presently has a consensus rating of “Hold” and an average price target of $21.25.

Several hedge funds and other institutional investors have recently bought and sold shares of CLDT. Schwab Charles Investment Management Inc. increased its holdings in shares of Chatham Lodging Trust by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 162,934 shares of the real estate investment trust’s stock valued at $3,274,000 after buying an additional 1,590 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Chatham Lodging Trust by 59.6% in the second quarter. Rhumbline Advisers now owns 82,329 shares of the real estate investment trust’s stock valued at $1,654,000 after buying an additional 30,733 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Chatham Lodging Trust by 90.1% in the second quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock valued at $12,270,000 after buying an additional 289,400 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Chatham Lodging Trust by 82.0% in the second quarter. Legal & General Group Plc now owns 152,841 shares of the real estate investment trust’s stock valued at $3,070,000 after buying an additional 68,879 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Chatham Lodging Trust by 212.3% in the second quarter. Comerica Bank now owns 56,482 shares of the real estate investment trust’s stock valued at $1,158,000 after buying an additional 38,399 shares in the last quarter. 76.18% of the stock is currently owned by institutional investors.

Chatham Lodging Trust (NYSE CLDT) traded down $0.23 on Friday, hitting $22.60. The stock had a trading volume of 204,428 shares, compared to its average volume of 307,481. The company has a market capitalization of $913.62, a PE ratio of 33.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42. Chatham Lodging Trust has a 52 week low of $18.66 and a 52 week high of $23.91.

The company also recently announced a monthly dividend, which will be paid on Friday, February 23rd. Investors of record on Wednesday, January 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.32 annualized dividend and a yield of 5.84%. Chatham Lodging Trust’s payout ratio is 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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