Chatham Lodging Trust (REIT) (NYSE:CLDT) Issues Earnings Results

Chatham Lodging Trust (REIT) (NYSE:CLDT) posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.52, MarketWatch Earnings reports. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. Chatham Lodging Trust (REIT) updated its FY17 guidance to $2.07-2.17 EPS and its Q3 guidance to $0.63-0.67 EPS.

Shares of Chatham Lodging Trust (NYSE CLDT) traded down 2.29% on Friday, hitting $19.59. The company’s stock had a trading volume of 346,300 shares. The firm has a market cap of $767.30 million, a price-to-earnings ratio of 29.68 and a beta of 1.05. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $21.74. The stock has a 50-day moving average price of $20.31 and a 200 day moving average price of $19.92.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.32 annualized dividend and a yield of 6.74%. Chatham Lodging Trust (REIT)’s payout ratio is currently 200.00%.

A number of equities analysts have recently issued reports on CLDT shares. Zacks Investment Research downgraded Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. FBR & Co reiterated a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research report on Friday, May 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Chatham Lodging Trust (REIT) presently has a consensus rating of “Hold” and an average price target of $19.75.

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In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total value of $52,269.42. Following the completion of the transaction, the director now directly owns 33,258 shares in the company, valued at $677,465.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in Chatham Lodging Trust (REIT) by 1.7% in the second quarter. Nationwide Fund Advisors now owns 27,280 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 460 shares in the last quarter. Quadrant Capital Management LLC boosted its stake in Chatham Lodging Trust (REIT) by 2.4% in the first quarter. Quadrant Capital Management LLC now owns 33,975 shares of the real estate investment trust’s stock valued at $671,000 after buying an additional 800 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Chatham Lodging Trust (REIT) by 11.1% in the first quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 1,341 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Chatham Lodging Trust (REIT) by 0.8% in the first quarter. Mutual of America Capital Management LLC now owns 192,681 shares of the real estate investment trust’s stock worth $3,805,000 after buying an additional 1,435 shares during the period. Finally, American International Group Inc. boosted its stake in Chatham Lodging Trust (REIT) by 7.1% in the first quarter. American International Group Inc. now owns 23,115 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 1,532 shares during the period. Institutional investors and hedge funds own 82.76% of the company’s stock.

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.

Earnings History for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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