Brokerages predict that Chatham Lodging Trust (NYSE:CLDT) will post sales of $87.42 million for the current quarter, Zacks reports. Three analysts have provided estimates for Chatham Lodging Trust’s earnings, with the highest sales estimate coming in at $90.46 million and the lowest estimate coming in at $85.70 million. Chatham Lodging Trust posted sales of $81.40 million during the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, October 31st.

According to Zacks, analysts expect that Chatham Lodging Trust will report full-year sales of $317.29 million for the current year, with estimates ranging from $313.00 million to $325.17 million. For the next year, analysts forecast that the firm will post sales of $323.87 million, with estimates ranging from $312.75 million to $333.56 million. Zacks’ sales 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 announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.29). The firm had revenue of $86.59 million during the quarter, compared to the consensus estimate of $83.34 million. Chatham Lodging Trust had a return on equity of 4.61% and a net margin of 11.54%.

CLDT has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine cut shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust in a research note on Wednesday, August 1st. TheStreet upgraded shares of Chatham Lodging Trust from a “c+” rating to a “b-” rating in a research note on Thursday, July 12th. Finally, B. Riley upped their price target on shares of Chatham Lodging Trust from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Chatham Lodging Trust has an average rating of “Hold” and an average price target of $21.20.

Shares of Chatham Lodging Trust stock opened at $19.28 on Friday. The stock has a market capitalization of $958.41 million, a P/E ratio of 9.01 and a beta of 1.15. Chatham Lodging Trust has a 1 year low of $17.90 and a 1 year high of $23.91. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66.

The business also recently announced a monthly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Thursday, September 27th. Chatham Lodging Trust’s dividend payout ratio is currently 61.68%.

In other Chatham Lodging Trust news, Director C Gerald Goldsmith sold 1,800 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $21.65, for a total transaction of $38,970.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. lifted its stake in Chatham Lodging Trust by 11.0% during the 3rd quarter. North Star Investment Management Corp. now owns 50,520 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 5,000 shares during the period. State of Alaska Department of Revenue lifted its stake in Chatham Lodging Trust by 98.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,610 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 14,720 shares during the period. Fox Run Management L.L.C. bought a new position in Chatham Lodging Trust during the 3rd quarter valued at about $245,000. United Services Automobile Association lifted its stake in Chatham Lodging Trust by 41.6% during the 2nd quarter. United Services Automobile Association now owns 15,582 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 4,574 shares during the period. Finally, Northern Trust Corp lifted its stake in Chatham Lodging Trust by 4.8% during the 2nd quarter. Northern Trust Corp now owns 1,283,309 shares of the real estate investment trust’s stock valued at $27,232,000 after acquiring an additional 59,069 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 135 hotels totaling 18,518 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.

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Earnings History and Estimates for Chatham Lodging Trust (NYSE:CLDT)

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