$77.09 Million in Sales Expected for Chatham Lodging Trust (NYSE:CLDT) This Quarter

Analysts expect that Chatham Lodging Trust (NYSE:CLDT – Get Rating) will post sales of $77.09 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Chatham Lodging Trust’s earnings, with estimates ranging from $75.01 million to $79.80 million. Chatham Lodging Trust reported sales of $50.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 53.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, 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 fiscal year, analysts expect that the firm will report sales of $319.22 million, with estimates ranging from $298.30 million to $338.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Chatham Lodging Trust.

Chatham Lodging Trust (NYSE:CLDT – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). Chatham Lodging Trust had a negative return on equity of 3.73% and a negative net margin of 13.46%. During the same quarter in the previous year, the company posted ($0.15) EPS.

Several equities research analysts have recently issued reports on CLDT shares. Oppenheimer started coverage on shares of Chatham Lodging Trust in a research report on Thursday, April 21st. They issued an “outperform” rating and a $19.00 price objective for the company. TheStreet raised shares of Chatham Lodging Trust from a “d+” rating to a “c-” rating in a research report on Monday, April 18th. Zacks Investment Research lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, StockNews.com raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $16.88.

In other news, Director Edwin B. Brewer, Jr. purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was acquired at an average cost of $21.25 per share, with a total value of $212,500.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $212,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Chatham Lodging Trust by 0.9% during the 1st quarter. BlackRock Inc. now owns 8,156,664 shares of the real estate investment trust’s stock valued at $112,480,000 after acquiring an additional 74,187 shares during the last quarter. Vanguard Group Inc. boosted its stake in Chatham Lodging Trust by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,867,191 shares of the real estate investment trust’s stock valued at $80,909,000 after acquiring an additional 59,438 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Chatham Lodging Trust by 241.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,880,145 shares of the real estate investment trust’s stock valued at $53,236,000 after acquiring an additional 2,744,473 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Chatham Lodging Trust by 0.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,353,306 shares of the real estate investment trust’s stock valued at $46,242,000 after acquiring an additional 23,310 shares during the last quarter. Finally, State Street Corp boosted its stake in Chatham Lodging Trust by 3.3% during the 1st quarter. State Street Corp now owns 2,364,637 shares of the real estate investment trust’s stock valued at $32,608,000 after acquiring an additional 74,600 shares during the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.

NYSE:CLDT opened at $12.56 on Thursday. Chatham Lodging Trust has a fifty-two week low of $11.00 and a fifty-two week high of $15.12. The firm’s 50 day moving average is $13.47 and its two-hundred day moving average is $13.43. The company has a market cap of $612.99 million, a P/E ratio of -16.75 and a beta of 1.71. 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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