Chatham Lodging Trust to Post Q3 2019 Earnings of $0.57 Per Share, B. Riley Forecasts (NYSE:CLDT)

Chatham Lodging Trust (NYSE:CLDT) – Analysts at B. Riley reduced their Q3 2019 EPS estimates for Chatham Lodging Trust in a research report issued to clients and investors on Thursday, August 1st. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $0.57 per share for the quarter, down from their previous forecast of $0.60. B. Riley currently has a “Neutral” rating and a $19.00 price objective on the stock. B. Riley also issued estimates for Chatham Lodging Trust’s Q4 2019 earnings at $0.33 EPS, FY2019 earnings at $1.82 EPS, Q1 2020 earnings at $0.34 EPS, Q2 2020 earnings at $0.58 EPS, Q3 2020 earnings at $0.58 EPS, Q4 2020 earnings at $0.33 EPS, FY2020 earnings at $1.83 EPS and FY2021 earnings at $1.84 EPS.

Separately, Zacks Investment Research cut Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd.

Shares of Chatham Lodging Trust stock opened at $17.01 on Monday. The stock has a market cap of $806.56 million, a PE ratio of 8.72 and a beta of 1.08. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $18.56. Chatham Lodging Trust has a one year low of $16.78 and a one year high of $22.03.

Several hedge funds have recently modified their holdings of CLDT. Raymond James & Associates raised its position in Chatham Lodging Trust by 4.4% during the fourth quarter. Raymond James & Associates now owns 30,931 shares of the real estate investment trust’s stock worth $547,000 after acquiring an additional 1,307 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Chatham Lodging Trust by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 712,916 shares of the real estate investment trust’s stock worth $12,605,000 after acquiring an additional 19,178 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Chatham Lodging Trust by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 622,074 shares of the real estate investment trust’s stock valued at $10,998,000 after purchasing an additional 47,550 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Chatham Lodging Trust by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 377,645 shares of the real estate investment trust’s stock valued at $6,677,000 after purchasing an additional 7,202 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Chatham Lodging Trust by 2.8% in the fourth quarter. Bank of America Corp DE now owns 351,410 shares of the real estate investment trust’s stock valued at $6,213,000 after purchasing an additional 9,631 shares during the last quarter. 84.72% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, July 31st will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date of this dividend is Tuesday, July 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is 67.69%.

Chatham Lodging Trust Company Profile

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. The company owns interests in 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,500 rooms/suites.

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Earnings History and Estimates for Chatham Lodging Trust (NYSE:CLDT)

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