Wall Street analysts expect that Chatham Lodging Trust (NYSE:CLDT) will announce earnings per share (EPS) of $0.62 for the current quarter, according to Zacks. Three analysts have issued estimates for Chatham Lodging Trust’s earnings. Chatham Lodging Trust posted earnings of $0.68 per share during the same quarter last year, which would suggest a negative year over year growth rate of 8.8%. The company is expected to announce its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that Chatham Lodging Trust will report full-year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.91 to $1.93. For the next financial year, analysts expect that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.86 to $2.06. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.29). Chatham Lodging Trust had a return on equity of 4.61% and a net margin of 11.54%. The company had revenue of $86.59 million for the quarter, compared to analyst estimates of $83.34 million.

A number of equities research analysts have commented on CLDT shares. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust in a report on Wednesday, August 1st. Zacks Investment Research downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. TheStreet raised Chatham Lodging Trust from a “c+” rating to a “b-” rating in a report on Thursday, July 12th. ValuEngine downgraded Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, B. Riley raised their target price on Chatham Lodging Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.20.

In other news, Director C Gerald Goldsmith sold 1,800 shares of the firm’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $21.65, for a total value of $38,970.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of Chatham Lodging Trust by 137.2% in the second quarter. Assetmark Inc. now owns 5,296 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 3,063 shares in the last quarter. OppenheimerFunds Inc. purchased a new position in shares of Chatham Lodging Trust in the second quarter valued at $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Chatham Lodging Trust in the second quarter valued at $206,000. Piedmont Investment Advisors LLC purchased a new position in shares of Chatham Lodging Trust in the second quarter valued at $227,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Chatham Lodging Trust in the first quarter valued at $237,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Shares of NYSE CLDT traded down $0.31 during mid-day trading on Monday, hitting $20.52. 2,288 shares of the company were exchanged, compared to its average volume of 230,046. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.37 and a quick ratio of 1.37. Chatham Lodging Trust has a 1-year low of $17.90 and a 1-year high of $23.91. The company has a market cap of $955.66 million, a PE ratio of 9.59 and a beta of 1.13.

The firm also recently announced a monthly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date is Thursday, September 27th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 61.68%.

Chatham Lodging Trust Company Profile

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 135 hotels totaling 18,518 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 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 12,498 rooms/suites.

Featured Story: Day Trading – Risk Worth the Reward?

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

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

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.