Chatham Lodging Trust (CLDT) to Release Quarterly Earnings on Thursday

Chatham Lodging Trust (NYSE:CLDT) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Chatham Lodging Trust to post earnings of $0.35 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The firm had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $85.48 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. On average, analysts expect Chatham Lodging Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Chatham Lodging Trust Stock Performance

CLDT opened at $7.80 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. The company has a market cap of $381.50 million, a price-to-earnings ratio of -45.88 and a beta of 1.79. The company’s 50 day moving average is $8.42 and its 200 day moving average is $8.56. Chatham Lodging Trust has a 12-month low of $7.60 and a 12-month high of $11.32.

Chatham Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Monday, September 30th. Chatham Lodging Trust’s payout ratio is -164.70%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.