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

Chatham Lodging Trust (NYSE:CLDT) will 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Chatham Lodging Trust (NYSE:CLDT) last posted 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). Chatham Lodging Trust had a return on equity of 0.33% and a net margin of 0.85%. The company had revenue of $72.28 million during the quarter, compared to analyst estimates of $70.46 million. During the same period last year, the company posted $0.20 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.

Chatham Lodging Trust Price Performance

Shares of NYSE:CLDT opened at $9.30 on Monday. The business has a fifty day simple moving average of $9.95 and a 200 day simple moving average of $10.16. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.49. Chatham Lodging Trust has a 1 year low of $8.92 and a 1 year high of $11.32. The firm has a market cap of $454.81 million, a price-to-earnings ratio of -84.55 and a beta of 1.74.

Chatham Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Wednesday, March 27th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -254.55%.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th.

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.