Chatham Lodging Trust (CLDT) to Release Earnings on Monday

Chatham Lodging Trust (NYSE:CLDT) is scheduled to post its quarterly earnings results before the market opens on Monday, May 6th. Analysts expect Chatham Lodging Trust to post earnings of $0.13 per share for the quarter. Chatham Lodging Trust has set its Q1 2024 guidance at 0.100-0.140 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). The firm had revenue of $72.28 million for the quarter, compared to the consensus estimate of $70.46 million. Chatham Lodging Trust had a return on equity of 0.33% and a net margin of 0.85%. During the same period last year, the company posted $0.20 EPS. On average, analysts expect Chatham Lodging Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Chatham Lodging Trust Stock Performance

Shares of NYSE:CLDT opened at $9.18 on Friday. Chatham Lodging Trust has a 1 year low of $8.92 and a 1 year high of $11.32. The stock has a market capitalization of $448.90 million, a price-to-earnings ratio of -83.45 and a beta of 1.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.08 and a quick ratio of 3.08. The company’s 50 day simple moving average is $9.82 and its 200 day simple moving average is $10.14.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Wednesday, March 27th. Chatham Lodging Trust’s dividend payout ratio is presently -254.55%.

Wall Street Analyst Weigh In

Separately, Barclays dropped their price target on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.