Chatham Lodging Trust (NYSE:CLDT - Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.150-0.180 for the period, compared to the consensus EPS estimate of 0.170. The company issued revenue guidance of $74.0 million-$75.0 million, compared to the consensus revenue estimate of $73.8 million.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Chatham Lodging Trust from a "sell" rating to a "hold" rating in a report on Wednesday, August 14th.
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Chatham Lodging Trust Price Performance
Shares of CLDT stock traded up $0.77 on Thursday, reaching $9.18. 439,940 shares of the company's stock traded hands, compared to its average volume of 380,992. The business's 50 day moving average price is $8.39 and its two-hundred day moving average price is $8.54. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.05. Chatham Lodging Trust has a 12-month low of $7.60 and a 12-month high of $11.32.
Chatham Lodging Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.07 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.05%. Chatham Lodging Trust's dividend payout ratio is -164.70%.
About Chatham Lodging Trust
(
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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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