Chatham Lodging Trust (NYSE:CLDT) – Stock analysts at B. Riley lowered their FY2018 EPS estimates for shares of Chatham Lodging Trust in a report issued on Tuesday. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $1.93 for the year, down from their previous estimate of $2.25. B. Riley has a “Neutral” rating and a $20.00 price objective on the stock. B. Riley also issued estimates for Chatham Lodging Trust’s FY2019 earnings at $2.02 EPS.
Chatham Lodging Trust (NYSE:CLDT) last announced 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). The firm had revenue of $70.32 million during the quarter, compared to analyst estimates of $68.50 million. Chatham Lodging Trust had a net margin of 9.86% and a return on equity of 4.11%. Chatham Lodging Trust’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share.
Shares of Chatham Lodging Trust (CLDT) traded down $0.10 on Thursday, reaching $18.09. 134,255 shares of the company’s stock traded hands, compared to its average volume of 347,584. The firm has a market capitalization of $823.56, a P/E ratio of 24.85 and a beta of 1.01. Chatham Lodging Trust has a 52 week low of $18.02 and a 52 week high of $23.91. The company has a current ratio of 1.28, a quick ratio of 1.42 and a debt-to-equity ratio of 0.66.
Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC acquired a new position in shares of Chatham Lodging Trust during the fourth quarter valued at $1,002,000. MetLife Investment Advisors LLC acquired a new stake in Chatham Lodging Trust in the 4th quarter valued at approximately $428,000. Millennium Management LLC acquired a new stake in Chatham Lodging Trust in the 4th quarter valued at approximately $8,829,000. Teachers Advisors LLC raised its position in Chatham Lodging Trust by 8.4% in the 4th quarter. Teachers Advisors LLC now owns 374,892 shares of the real estate investment trust’s stock valued at $8,533,000 after buying an additional 29,178 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in Chatham Lodging Trust by 14.0% in the 4th quarter. California State Teachers Retirement System now owns 70,427 shares of the real estate investment trust’s stock valued at $1,603,000 after buying an additional 8,667 shares during the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.
The business also recently announced a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend is Tuesday, February 27th. Chatham Lodging Trust’s payout ratio is 180.82%.
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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