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

Chatham Lodging Trust (NYSE:CLDTGet Rating) will be releasing its earnings data before the market opens on Wednesday, May 4th. Analysts expect Chatham Lodging Trust to post earnings of $0.07 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Chatham Lodging Trust (NYSE:CLDTGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.43). Chatham Lodging Trust had a negative net margin of 9.03% and a negative return on equity of 2.31%. During the same period in the previous year, the company posted ($0.18) earnings per share. On average, analysts expect Chatham Lodging Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE:CLDT opened at $14.44 on Wednesday. The company has a market cap of $704.73 million, a P/E ratio of -31.39 and a beta of 1.87. The stock’s fifty day moving average price is $13.77 and its two-hundred day moving average price is $13.38. Chatham Lodging Trust has a 1 year low of $11.00 and a 1 year high of $15.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.62 and a quick ratio of 3.62.

Several research firms have issued reports on CLDT. Zacks Investment Research upgraded Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Tuesday. Oppenheimer began coverage on Chatham Lodging Trust in a research report on Thursday, April 21st. They set an “outperform” rating and a $19.00 target price on the stock. TheStreet upgraded Chatham Lodging Trust from a “d+” rating to a “c-” rating in a research report on Monday, April 18th. Finally, StockNews.com began coverage on Chatham Lodging Trust in a research report on Thursday, March 31st. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $16.40.

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Chatham Lodging Trust by 207.8% in the second quarter. Royal Bank of Canada now owns 4,593 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 3,101 shares in the last quarter. MetLife Investment Management LLC increased its stake in Chatham Lodging Trust by 49.3% in the fourth quarter. MetLife Investment Management LLC now owns 16,628 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 5,493 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Chatham Lodging Trust in the third quarter valued at $267,000. Millennium Management LLC bought a new position in Chatham Lodging Trust in the third quarter valued at $401,000. Finally, Wells Fargo & Company MN increased its stake in Chatham Lodging Trust by 13.0% in the fourth quarter. Wells Fargo & Company MN now owns 38,933 shares of the real estate investment trust’s stock valued at $534,000 after acquiring an additional 4,482 shares during the last quarter. Institutional investors own 81.40% of the company’s stock.

About Chatham Lodging Trust (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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Earnings History for Chatham Lodging Trust (NYSE:CLDT)

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