Equities research analysts expect Chatham Lodging Trust (NYSE:CLDT) to post $73.69 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Chatham Lodging Trust’s earnings, with the highest sales estimate coming in at $76.50 million and the lowest estimate coming in at $70.88 million. Chatham Lodging Trust posted sales of $74.03 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.5%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, May 1st.

On average, analysts expect that Chatham Lodging Trust will report full-year sales of $325.64 million for the current year, with estimates ranging from $316.68 million to $334.60 million. For the next fiscal year, analysts expect that the firm will post sales of $327.79 million, with estimates ranging from $314.64 million to $340.94 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Monday, February 25th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). Chatham Lodging Trust had a return on equity of 3.77% and a net margin of 9.35%.

CLDT has been the topic of several analyst reports. Zacks Investment Research raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Monday, December 17th. B. Riley set a $20.00 price target on shares of Chatham Lodging Trust and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Finally, TheStreet cut shares of Chatham Lodging Trust from a “b” rating to a “c+” rating in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $20.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors Inc. boosted its position in shares of Chatham Lodging Trust by 4.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 11,059 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 503 shares during the last quarter. Comerica Bank boosted its position in shares of Chatham Lodging Trust by 1.3% in the fourth quarter. Comerica Bank now owns 60,925 shares of the real estate investment trust’s stock worth $1,221,000 after acquiring an additional 802 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Chatham Lodging Trust by 3.1% in the fourth quarter. State of Alaska Department of Revenue now owns 30,523 shares of the real estate investment trust’s stock worth $539,000 after acquiring an additional 913 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Chatham Lodging Trust by 8.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,437 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Chatham Lodging Trust by 4.4% in the fourth quarter. Raymond James & Associates now owns 30,931 shares of the real estate investment trust’s stock worth $547,000 after acquiring an additional 1,307 shares during the last quarter. 85.15% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust stock opened at $19.65 on Tuesday. Chatham Lodging Trust has a 12-month low of $17.29 and a 12-month high of $22.18. The stock has a market cap of $919.56 million, a price-to-earnings ratio of 10.08 and a beta of 1.23. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09.

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, April 30th will be given a $0.11 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.32 annualized dividend and a dividend yield of 6.72%. Chatham Lodging Trust’s dividend payout ratio is presently 67.69%.

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.

Further Reading: New Google Finance Tool and Screening Stocks

Get a free copy of the Zacks research report on Chatham Lodging Trust (CLDT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.