Analysts expect that Chatham Lodging Trust (REIT) (NYSE:CLDT) will post $0.67 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Chatham Lodging Trust (REIT)’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.68. Chatham Lodging Trust (REIT) posted earnings of $0.34 per share during the same quarter last year, which would indicate a positive year over year growth rate of 97.1%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, October 31st.

According to Zacks, analysts expect that Chatham Lodging Trust (REIT) will report full year earnings of $2.17 per share for the current year, with EPS estimates ranging from $2.16 to $2.19. For the next year, analysts anticipate that the company will post earnings of $2.18 per share, with EPS estimates ranging from $2.15 to $2.21. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Chatham Lodging Trust (REIT).

Chatham Lodging Trust (REIT) (NYSE:CLDT) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.52). Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The firm had revenue of $77.90 million for the quarter, compared to analyst estimates of $77.84 million. During the same period last year, the company earned $0.69 EPS. The company’s revenue was down .1% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. BidaskClub raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, October 6th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 21st. Janney Montgomery Scott assumed coverage on Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.50 price objective on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.92.

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In other news, Director Robert D. Perlmutter sold 2,566 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 in the company, valued at $677,465.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CLDT. Northern Trust Corp increased its stake in shares of Chatham Lodging Trust (REIT) by 65.7% during the second quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock worth $21,665,000 after purchasing an additional 427,418 shares during the period. Vanguard Group Inc. increased its stake in shares of Chatham Lodging Trust (REIT) by 8.3% during the second quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock worth $98,990,000 after purchasing an additional 376,788 shares during the period. Principal Financial Group Inc. bought a new position in shares of Chatham Lodging Trust (REIT) during the second quarter worth approximately $5,861,000. Bank of New York Mellon Corp increased its stake in shares of Chatham Lodging Trust (REIT) by 90.1% during the second quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock worth $12,270,000 after purchasing an additional 289,400 shares during the period. Finally, State Street Corp increased its stake in shares of Chatham Lodging Trust (REIT) by 28.5% during the second quarter. State Street Corp now owns 1,133,956 shares of the real estate investment trust’s stock worth $22,774,000 after purchasing an additional 251,188 shares during the period. Institutional investors own 81.57% of the company’s stock.

Shares of Chatham Lodging Trust (NYSE CLDT) traded up 0.09% during trading on Tuesday, hitting $22.16. The stock had a trading volume of 139,210 shares. The stock has a market capitalization of $867.96 million, a price-to-earnings ratio of 33.58 and a beta of 1.07. The stock has a 50 day moving average price of $20.97 and a 200-day moving average price of $20.15. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $22.32.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 24th. Stockholders of record on Tuesday, October 31st will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.96%. Chatham Lodging Trust (REIT)’s payout ratio is 200.00%.

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.

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