Wall Street brokerages forecast that Chatham Lodging Trust (REIT) (NYSE:CLDT) will announce earnings of $0.38 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Chatham Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.37. Chatham Lodging Trust reported earnings per share of $0.07 during the same quarter last year, which suggests a positive year-over-year growth rate of 442.9%. The company is expected to report its next earnings results on Wednesday, February 28th.

On average, analysts expect that Chatham Lodging Trust will report full-year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.15 to $2.17. For the next year, analysts expect that the firm will post earnings of $2.15 per share, with EPS estimates ranging from $2.06 to $2.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The business had revenue of $81.40 million during the quarter, compared to analysts’ expectations of $80.12 million. Chatham Lodging Trust had a net margin of 9.03% and a return on equity of 3.90%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share.

A number of analysts recently weighed in on the stock. BidaskClub lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Barclays lifted their target price on shares of Chatham Lodging Trust from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 1st. JMP Securities raised shares of Chatham Lodging Trust from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. Zacks Investment Research raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday, October 6th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Chatham Lodging Trust in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.08.

Several institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. bought a new position in shares of Chatham Lodging Trust during the second quarter valued at $101,000. Schroder Investment Management Group bought a new position in shares of Chatham Lodging Trust during the third quarter valued at $112,000. State of Alaska Department of Revenue acquired a new stake in shares of Chatham Lodging Trust during the second quarter worth $151,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Chatham Lodging Trust during the second quarter worth $167,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Chatham Lodging Trust during the second quarter worth $182,000. 76.18% of the stock is owned by institutional investors.

Chatham Lodging Trust (NYSE:CLDT) opened at $22.55 on Thursday. Chatham Lodging Trust has a one year low of $18.66 and a one year high of $23.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $1,032.23, a PE ratio of 10.16 and a beta of 1.05.

The company also recently declared a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Wednesday, November 29th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 194.12%.

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Chatham Lodging Trust 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). The Company owned 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.

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