Wall Street analysts expect Chatham Lodging Trust (NYSE:CLDT) to report earnings of ($0.10) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Chatham Lodging Trust’s earnings, with estimates ranging from ($0.11) to ($0.08). Chatham Lodging Trust reported earnings per share of $0.60 in the same quarter last year, which suggests a negative year over year growth rate of 116.7%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, October 29th.
According to Zacks, analysts expect that Chatham Lodging Trust will report full year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.33) to ($0.20). For the next fiscal year, analysts anticipate that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.65 to $0.84. Zacks’ EPS averages are an average based on a survey of research analysts that cover Chatham Lodging Trust.
Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.33). Chatham Lodging Trust had a negative return on equity of 6.11% and a negative net margin of 18.82%.
Several research firms recently issued reports on CLDT. BMO Capital Markets reiterated a “hold” rating and set a $7.00 target price on shares of Chatham Lodging Trust in a report on Wednesday, August 5th. Zacks Investment Research upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 6th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Chatham Lodging Trust has an average rating of “Hold” and an average price target of $7.85.
In other Chatham Lodging Trust news, CEO Jeffrey H. Fisher acquired 45,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $7.62 per share, for a total transaction of $342,900.00. Following the completion of the purchase, the chief executive officer now directly owns 691,545 shares of the company’s stock, valued at $5,269,572.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Dennis M. Craven acquired 5,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $6.83 per share, for a total transaction of $34,150.00. Following the purchase, the chief operating officer now directly owns 90,943 shares of the company’s stock, valued at $621,140.69. The disclosure for this purchase can be found here. Insiders acquired 163,000 shares of company stock worth $1,255,560 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of CLDT. PNC Financial Services Group Inc. grew its position in shares of Chatham Lodging Trust by 370.1% in the second quarter. PNC Financial Services Group Inc. now owns 4,066 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 3,201 shares during the last quarter. Bank of Montreal Can grew its position in shares of Chatham Lodging Trust by 681.8% in the second quarter. Bank of Montreal Can now owns 4,652 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 4,057 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Chatham Lodging Trust in the second quarter valued at approximately $42,000. Ensign Peak Advisors Inc acquired a new position in shares of Chatham Lodging Trust in the second quarter valued at approximately $83,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Chatham Lodging Trust by 30.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,233 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 3,293 shares during the last quarter. 79.04% of the stock is currently owned by institutional investors.
CLDT traded up $0.03 on Tuesday, hitting $7.20. 270,467 shares of the company were exchanged, compared to its average volume of 521,283. Chatham Lodging Trust has a 12 month low of $3.44 and a 12 month high of $18.63. The company has a market cap of $338.17 million, a PE ratio of -7.20 and a beta of 1.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.07 and a current ratio of 4.07. The stock’s fifty day moving average is $7.50 and its 200-day moving average is $6.69.
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.
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