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Equities Analysts Offer Predictions for CLDT Q4 Earnings

Chatham Lodging Trust logo with Finance background

Chatham Lodging Trust (NYSE:CLDT - Free Report) - Research analysts at B. Riley upped their Q4 2024 EPS estimates for Chatham Lodging Trust in a research note issued to investors on Tuesday, November 12th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $0.18 per share for the quarter, up from their prior forecast of $0.17. The consensus estimate for Chatham Lodging Trust's current full-year earnings is $1.07 per share. B. Riley also issued estimates for Chatham Lodging Trust's FY2025 earnings at $1.18 EPS, Q3 2026 earnings at $0.42 EPS and FY2026 earnings at $1.26 EPS.

Separately, StockNews.com raised shares of Chatham Lodging Trust from a "sell" rating to a "hold" rating in a report on Wednesday, August 14th.

Get Our Latest Research Report on Chatham Lodging Trust

Chatham Lodging Trust Stock Performance

NYSE:CLDT traded down $0.13 during mid-day trading on Friday, hitting $8.87. 242,265 shares of the company's stock traded hands, compared to its average volume of 382,443. The firm has a 50 day moving average of $8.50 and a two-hundred day moving average of $8.53. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $433.59 million, a price-to-earnings ratio of -38.54 and a beta of 1.79.

Hedge Funds Weigh In On Chatham Lodging Trust

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its position in shares of Chatham Lodging Trust by 1,241.7% during the 2nd quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust's stock worth $12,055,000 after purchasing an additional 1,309,396 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Chatham Lodging Trust by 56.8% during the second quarter. Donald Smith & CO. Inc. now owns 3,330,219 shares of the real estate investment trust's stock worth $28,373,000 after purchasing an additional 1,206,670 shares during the period. Long Pond Capital LP acquired a new position in shares of Chatham Lodging Trust in the second quarter worth approximately $5,617,000. Repertoire Partners LP bought a new stake in shares of Chatham Lodging Trust in the 3rd quarter valued at $2,556,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Chatham Lodging Trust during the 2nd quarter worth about $2,326,000. Institutional investors own 88.37% of the company's stock.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, September 30th. Chatham Lodging Trust's dividend payout ratio is -121.73%.

Chatham Lodging Trust Company Profile

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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.

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

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