Chatham Lodging Trust (NYSE:CLDT - Get Free Report) is set to announce its earnings results 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.Investors interested in participating in the company's conference call can do so using this link.
Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). The firm had revenue of $86.48 million for the quarter, compared to analyst estimates of $85.48 million. During the same period in the previous year, the business earned $0.43 EPS. 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 Down 4.8 %
Shares of CLDT stock traded down $0.40 on Thursday, hitting $7.90. The stock had a trading volume of 463,063 shares, compared to its average volume of 376,094. The firm has a market capitalization of $386.37 million, a price-to-earnings ratio of -67.42 and a beta of 1.79. The stock's 50 day moving average is $8.44 and its 200-day moving average is $8.58. 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 52-week low of $7.60 and a 52-week high of $11.32.
Chatham Lodging Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.07 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.54%. Chatham Lodging Trust's dividend payout ratio (DPR) is presently -233.33%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Chatham Lodging Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, August 14th.
Get Our Latest Analysis on Chatham Lodging Trust
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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