Equities analysts expect Chatham Lodging Trust (NYSE:CLDT) to post ($0.24) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Chatham Lodging Trust’s earnings, with estimates ranging from ($0.42) to ($0.02). Chatham Lodging Trust reported earnings per share of $0.58 in the same quarter last year, which would suggest a negative year over year growth rate of 141.4%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, August 5th.
On average, analysts expect that Chatham Lodging Trust will report full year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.69) to $0.41. For the next year, analysts anticipate that the firm will report earnings of $1.05 per share, with EPS estimates ranging from $0.78 to $1.25. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Chatham Lodging Trust.
Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.37). The company had revenue of $60.21 million during the quarter, compared to analyst estimates of $65.34 million. Chatham Lodging Trust had a negative net margin of 3.42% and a negative return on equity of 1.38%.
A number of brokerages recently issued reports on CLDT. ValuEngine upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. TheStreet cut shares of Chatham Lodging Trust from a “c-” rating to a “d” rating in a report on Monday, May 11th. Barclays restated a “hold” rating and set a $10.00 price objective on shares of Chatham Lodging Trust in a report on Wednesday, March 18th. B. Riley decreased their price objective on shares of Chatham Lodging Trust from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Chatham Lodging Trust from $7.00 to $8.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.80.
Shares of NYSE:CLDT traded up $0.04 during trading on Tuesday, hitting $5.67. 5,454 shares of the company’s stock were exchanged, compared to its average volume of 739,871. Chatham Lodging Trust has a 1-year low of $3.44 and a 1-year high of $18.98. The firm has a 50-day moving average price of $6.79 and a two-hundred day moving average price of $10.52. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.90. The firm has a market cap of $264.39 million, a P/E ratio of -24.74 and a beta of 1.84.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Chatham Lodging Trust by 18.1% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,940 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 1,674 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Chatham Lodging Trust in the 1st quarter worth approximately $72,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Chatham Lodging Trust by 26.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,773 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 3,049 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Chatham Lodging Trust by 18.7% in the first quarter. BNP Paribas Arbitrage SA now owns 18,357 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 2,891 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Chatham Lodging Trust by 1,044.9% in the first quarter. Royal Bank of Canada now owns 19,497 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 17,794 shares during the last quarter. 85.44% of the stock is owned by institutional investors and hedge funds.
About Chatham Lodging Trust
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 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 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 12,500 rooms/suites.
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