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. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. 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. The stock has a 50-day moving average price of $20.31 and a 200 day moving average price of $19.92. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $21.74.

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%.

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 transaction of $52,269.42. Following the transaction, the director now owns 33,258 shares of the company’s stock, valued at approximately $677,465.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Chatham Lodging Trust (REIT) by 9.2% in the fourth quarter. State Street Corp now owns 774,357 shares of the real estate investment trust’s stock valued at $15,909,000 after buying an additional 65,430 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chatham Lodging Trust (REIT) by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 467,578 shares of the real estate investment trust’s stock valued at $9,609,000 after buying an additional 46,529 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Chatham Lodging Trust (REIT) by 15.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 51,931 shares of the real estate investment trust’s stock valued at $1,067,000 after buying an additional 6,990 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Chatham Lodging Trust (REIT) by 435.5% in the fourth quarter. Teachers Advisors LLC now owns 320,332 shares of the real estate investment trust’s stock valued at $6,583,000 after buying an additional 260,515 shares during the last quarter. Finally, Foster & Motley Inc. boosted its position in shares of Chatham Lodging Trust (REIT) by 9.5% in the first quarter. Foster & Motley Inc. now owns 125,047 shares of the real estate investment trust’s stock valued at $2,470,000 after buying an additional 10,829 shares during the last quarter. 82.76% of the stock is currently owned by institutional investors.

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A number of research firms have commented on CLDT. 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.

About Chatham Lodging Trust (REIT)

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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