Equities analysts expect Chatham Lodging Trust (NYSE:CLDT – Get Rating) to report $77.09 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Chatham Lodging Trust’s earnings, with the lowest sales estimate coming in at $75.01 million and the highest estimate coming in at $79.80 million. Chatham Lodging Trust reported sales of $50.24 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 53.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Chatham Lodging Trust will report full year sales of $285.26 million for the current financial year, with estimates ranging from $273.80 million to $296.50 million. For the next year, analysts expect that the business will report sales of $319.22 million, with estimates ranging from $298.30 million to $338.10 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Chatham Lodging Trust.
Chatham Lodging Trust (NYSE:CLDT – Get Rating) last posted its earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.30). Chatham Lodging Trust had a negative net margin of 13.46% and a negative return on equity of 3.73%. During the same period in the previous year, the firm earned ($0.15) EPS.
In related news, Director Edwin B. Brewer, Jr. bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were acquired at an average cost of $21.25 per share, with a total value of $212,500.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $212,500. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Advisor Partners LLC lifted its holdings in shares of Chatham Lodging Trust by 7.0% during the fourth quarter. Advisor Partners LLC now owns 15,710 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 1,023 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Chatham Lodging Trust by 1.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 82,279 shares of the real estate investment trust’s stock valued at $1,118,000 after acquiring an additional 1,257 shares during the period. Raymond James & Associates lifted its holdings in Chatham Lodging Trust by 4.8% in the third quarter. Raymond James & Associates now owns 28,500 shares of the real estate investment trust’s stock valued at $349,000 after acquiring an additional 1,295 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Chatham Lodging Trust by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 79,965 shares of the real estate investment trust’s stock valued at $1,135,000 after acquiring an additional 1,517 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Chatham Lodging Trust by 2.7% in the fourth quarter. California State Teachers Retirement System now owns 66,997 shares of the real estate investment trust’s stock valued at $919,000 after acquiring an additional 1,779 shares during the period. 84.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CLDT stock opened at $11.80 on Thursday. The stock has a market cap of $575.96 million, a price-to-earnings ratio of -15.73 and a beta of 1.71. The business’s fifty day moving average is $13.40 and its 200 day moving average is $13.41. Chatham Lodging Trust has a twelve month low of $11.00 and a twelve month high of $15.12. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68.
Chatham Lodging Trust Company Profile (Get Rating)
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. At September, 30, 2020, The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint ventures that owns 46 hotels with an aggregate of 5,948 rooms/suites.
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