Brokerages Anticipate Chatham Lodging Trust (CLDT) Will Announce Quarterly Sales of $68.39 Million
Wall Street analysts expect Chatham Lodging Trust (NYSE:CLDT) to report sales of $68.39 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Chatham Lodging Trust’s earnings. The highest sales estimate is $69.32 million and the lowest is $67.90 million. Chatham Lodging Trust reported sales of $67.24 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The firm is expected to report its next earnings results before the market opens on Monday, February 26th.
On average, analysts expect that Chatham Lodging Trust will report full year sales of $68.39 million for the current fiscal year, with estimates ranging from $294.20 million to $297.85 million. For the next year, analysts anticipate that the firm will report sales of $304.52 million per share, with estimates ranging from $297.55 million to $312.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Chatham Lodging Trust.
Several research firms recently issued reports on CLDT. Zacks Investment Research lowered shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Barclays reissued a “hold” rating and issued a $23.00 target price on shares of Chatham Lodging Trust in a report on Friday, December 15th. BidaskClub raised shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, B. Riley reissued a “neutral” rating on shares of Chatham Lodging Trust in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.25.
Shares of Chatham Lodging Trust (NYSE CLDT) opened at $20.75 on Thursday. The stock has a market cap of $942.39, a P/E ratio of 9.27 and a beta of 1.01. Chatham Lodging Trust has a fifty-two week low of $18.66 and a fifty-two week high of $23.91. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.86.
The company also recently announced a monthly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend is Tuesday, February 27th. Chatham Lodging Trust’s dividend payout ratio is 194.12%.
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About Chatham Lodging Trust
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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