Chatham Lodging Trust (CLDT) Projected to Post Earnings on Wednesday

Chatham Lodging Trust (NYSE:CLDT) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $74.65 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Chatham Lodging Trust Price Performance

Shares of CLDT stock opened at $8.55 on Wednesday. The company has a market capitalization of $417.94 million, a PE ratio of -37.15 and a beta of 1.80. The firm has a fifty day simple moving average of $8.91 and a 200-day simple moving average of $8.68. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a twelve month low of $7.60 and a twelve month high of $10.68.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a yield of 3.28%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -121.73%.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners assumed coverage on shares of Chatham Lodging Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $12.00 price objective on the stock.

Chatham Lodging Trust Company Profile

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.