Chatham Lodging Trust (CLDT) to Release Earnings on Thursday

Chatham Lodging Trust (NYSE:CLDT) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Chatham Lodging Trust has set its Q3 2024 guidance at 0.310-0.360 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The company had revenue of $86.48 million during the quarter, compared to the consensus estimate of $85.48 million. During the same period last year, the firm earned $0.43 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 Stock Up 0.6 %

Shares of NYSE CLDT opened at $8.30 on Thursday. The firm has a fifty day simple moving average of $8.44 and a two-hundred day simple moving average of $8.58. The firm has a market capitalization of $405.94 million, a PE ratio of -69.08 and a beta of 1.79. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32.

Chatham Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.07 per share. The ex-dividend date was Monday, September 30th. This represents a $0.28 annualized dividend and a yield of 3.37%. Chatham Lodging Trust’s payout ratio is -233.33%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

About Chatham Lodging Trust

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.