Brokerages expect Chatham Lodging Trust (NYSE:CLDT) to report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Chatham Lodging Trust’s earnings. Chatham Lodging Trust reported earnings per share of $0.47 during the same quarter last year, which indicates a negative year-over-year growth rate of 25.5%. The company is scheduled to announce its next earnings report on Tuesday, May 8th.
On average, analysts expect that Chatham Lodging Trust will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.90 to $1.93. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.92 per share, with EPS estimates ranging from $1.81 to $2.02. Zacks’ EPS averages are an average based on a survey of analysts that cover Chatham Lodging Trust.
Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Monday, February 26th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). Chatham Lodging Trust had a return on equity of 4.11% and a net margin of 9.86%. The business had revenue of $70.32 million during the quarter, compared to the consensus estimate of $68.50 million. During the same quarter last year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis.
Shares of CLDT stock opened at $19.55 on Friday. Chatham Lodging Trust has a fifty-two week low of $17.90 and a fifty-two week high of $23.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market cap of $902.67, a PE ratio of 9.03 and a beta of 1.16.
The company also recently declared a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, March 29th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.32 annualized dividend and a yield of 6.75%. Chatham Lodging Trust’s payout ratio is 180.82%.
In other news, Chairman Jeffrey H. Fisher purchased 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $18.48 per share, for a total transaction of $101,640.00. Following the acquisition, the chairman now owns 691,545 shares of the company’s stock, valued at approximately $12,779,751.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Willis purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $18.30 per share, for a total transaction of $36,600.00. Following the completion of the acquisition, the executive vice president now directly owns 68,233 shares in the company, valued at approximately $1,248,663.90. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,715 shares of company stock worth $270,485 over the last quarter. 3.60% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in Chatham Lodging Trust by 23.1% in the 4th quarter. BlackRock Inc. now owns 7,140,632 shares of the real estate investment trust’s stock worth $162,524,000 after acquiring an additional 1,337,717 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Chatham Lodging Trust by 0.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,325,682 shares of the real estate investment trust’s stock worth $70,904,000 after acquiring an additional 17,912 shares in the last quarter. Renaissance Technologies LLC grew its stake in Chatham Lodging Trust by 77.6% in the 4th quarter. Renaissance Technologies LLC now owns 957,800 shares of the real estate investment trust’s stock worth $21,800,000 after acquiring an additional 418,400 shares in the last quarter. LSV Asset Management grew its stake in Chatham Lodging Trust by 9.2% in the 4th quarter. LSV Asset Management now owns 909,767 shares of the real estate investment trust’s stock worth $20,706,000 after acquiring an additional 76,800 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Chatham Lodging Trust by 305.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 771,332 shares of the real estate investment trust’s stock worth $16,444,000 after acquiring an additional 581,076 shares in the last quarter. Institutional investors and hedge funds own 88.61% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect Chatham Lodging Trust (CLDT) Will Post Earnings of $0.35 Per Share” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/03/21/zacks-analysts-expect-chatham-lodging-trust-cldt-will-post-earnings-of-0-35-per-share.html.
About Chatham Lodging Trust
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 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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.