Analysts forecast that Chatham Lodging Trust (REIT) (NYSE:CLDT) will post earnings of $0.65 per share for the current quarter, according to Zacks. Two analysts have made estimates for Chatham Lodging Trust (REIT)’s earnings. Chatham Lodging Trust (REIT) posted earnings per share of $0.69 during the same quarter last year, which would indicate a negative year over year growth rate of 5.8%. The company is expected to report its next quarterly earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Chatham Lodging Trust (REIT) will report full year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.18 to $2.20. For the next fiscal year, analysts expect that the firm will post earnings of $2.13 per share, with EPS estimates ranging from $2.00 to $2.27. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Chatham Lodging Trust (REIT).

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Chatham Lodging Trust (REIT) had a net margin of 11.15% and a return on equity of 4.79%. The firm had revenue of $69.22 million for the quarter, compared to analyst estimates of $69.16 million. During the same period last year, the business earned $0.46 EPS. Chatham Lodging Trust (REIT)’s revenue for the quarter was up .5% compared to the same quarter last year.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a report on Monday, May 15th. FBR & Co reissued a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a report on Friday, May 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Chatham Lodging Trust (REIT) currently has a consensus rating of “Hold” and a consensus target price of $19.60.

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Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Chatham Lodging Trust (REIT) during the fourth quarter worth $1,080,000. State Street Corp boosted its stake in 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 worth $15,909,000 after buying an additional 65,430 shares during the period. Dimensional Fund Advisors LP raised 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 worth $9,609,000 after buying an additional 46,529 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Chatham Lodging Trust (REIT) by 13.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 89,231 shares of the real estate investment trust’s stock worth $1,838,000 after buying an additional 10,271 shares in the last quarter. Finally, Credit Agricole S A raised its position in shares of Chatham Lodging Trust (REIT) by 16.0% in the fourth quarter. Credit Agricole S A now owns 18,401 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 2,543 shares in the last quarter. 83.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chatham Lodging Trust (NYSE:CLDT) traded up 0.60% during midday trading on Tuesday, reaching $20.02. 199,432 shares of the company traded hands. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $24.80. The firm has a market capitalization of $767.61 million, a P/E ratio of 23.55 and a beta of 1.04. The company has a 50 day moving average of $19.72 and a 200 day moving average of $19.98.

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 30th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.59%. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 157.14%.

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.

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