Chatham Lodging Trust (CLDT) Set to Announce Earnings on Monday

Chatham Lodging Trust (NYSE:CLDT) is set to announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Chatham Lodging Trust has set its Q1 2024 guidance at 0.100-0.140 EPS.Parties interested in registering for the company’s 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 (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.38). Chatham Lodging Trust had a net margin of 0.85% and a return on equity of 0.33%. The firm had revenue of $72.28 million for the quarter, compared to the consensus estimate of $70.46 million. During the same quarter in the prior year, the firm earned $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 $9.18 on Friday. The firm has a market capitalization of $448.94 million, a PE ratio of -83.45 and a beta of 1.74. 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 business’s 50 day moving average is $9.82 and its 200-day moving average is $10.14.

Chatham Lodging Trust Announces Dividend

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

Analyst Ratings Changes

Separately, Barclays decreased their target price on shares of Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a research 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.