Analysts expect Chatham Lodging Trust (NYSE:CLDT) to post sales of $70.78 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Chatham Lodging Trust’s earnings, with the highest sales estimate coming in at $71.66 million and the lowest estimate coming in at $70.27 million. Chatham Lodging Trust posted sales of $69.22 million during the same quarter last year, which suggests a positive year over year growth rate of 2.3%. The company is expected to announce its next earnings results on Tuesday, May 8th.

On average, analysts expect that Chatham Lodging Trust will report full-year sales of $70.78 million for the current year, with estimates ranging from $307.73 million to $318.58 million. For the next fiscal year, analysts expect that the firm will post sales of $316.65 million per share, with estimates ranging from $305.58 million to $327.71 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Chatham Lodging Trust.

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Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Monday, February 26th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). Chatham Lodging Trust had a return on equity of 4.11% and a net margin of 9.86%. The company had revenue of $70.32 million during the quarter, compared to analyst estimates of $68.50 million. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Several equities research analysts recently weighed in on CLDT shares. Cantor Fitzgerald set a $20.00 target price on Chatham Lodging Trust and gave the stock a “hold” rating in a report on Thursday, March 1st. Barclays dropped their price target on Chatham Lodging Trust from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. Zacks Investment Research downgraded Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. B. Riley dropped their price target on Chatham Lodging Trust from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Chatham Lodging Trust (CLDT) traded down $0.13 on Tuesday, reaching $19.05. The company had a trading volume of 37,048 shares, compared to its average volume of 360,243. Chatham Lodging Trust has a 12-month low of $17.90 and a 12-month high of $23.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market cap of $887.54, a price-to-earnings ratio of 26.11 and a beta of 1.16.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend is Wednesday, March 28th. Chatham Lodging Trust’s dividend payout ratio is presently 180.82%.

In other news, EVP Peter Willis acquired 2,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $18.30 per share, for a total transaction of $36,600.00. Following the completion of the transaction, the executive vice president now owns 68,233 shares in the company, valued at approximately $1,248,663.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jeffrey H. Fisher acquired 5,500 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $18.48 per share, for a total transaction of $101,640.00. Following the completion of the transaction, the chairman now owns 691,545 shares of the company’s stock, valued at approximately $12,779,751.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 14,715 shares of company stock worth $270,485. 3.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in Chatham Lodging Trust by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 29,592 shares of the real estate investment trust’s stock valued at $594,000 after acquiring an additional 102 shares during the period. Principal Financial Group Inc. boosted its stake in Chatham Lodging Trust by 1.4% in the third quarter. Principal Financial Group Inc. now owns 295,892 shares of the real estate investment trust’s stock worth $6,308,000 after purchasing an additional 4,159 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Chatham Lodging Trust by 33.2% in the third quarter. BNP Paribas Arbitrage SA now owns 32,222 shares of the real estate investment trust’s stock worth $687,000 after purchasing an additional 8,034 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Chatham Lodging Trust by 63.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,770 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 5,710 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Chatham Lodging Trust by 21.2% in the third quarter. Russell Investments Group Ltd. now owns 61,279 shares of the real estate investment trust’s stock worth $1,306,000 after purchasing an additional 10,705 shares in the last quarter. Institutional investors and hedge funds own 88.61% of the company’s stock.

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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 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.

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Earnings History and Estimates for Chatham Lodging Trust (NYSE:CLDT)

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