Chatham Lodging Trust (CLDT) Scheduled to Post Earnings on Thursday

Posted by on Apr 27th, 2023

Chatham Lodging Trust (NYSE:CLDT – Get Rating) is set to announce its earnings results before the market opens on Thursday, May 4th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Chatham Lodging Trust Stock Down 0.7 %

CLDT stock opened at $9.96 on Thursday. Chatham Lodging Trust has a twelve month low of $9.34 and a twelve month high of $15.04. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $11.01 and its 200-day moving average is $12.12. The firm has a market capitalization of $486.55 million, a PE ratio of 199.24 and a beta of 1.80.

Chatham Lodging Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a $0.07 dividend. The ex-dividend date was Thursday, March 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.43%. Chatham Lodging Trust’s dividend payout ratio is presently 560.11%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CLDT shares. B. Riley dropped their target price on Chatham Lodging Trust from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, February 27th. StockNews.com started coverage on Chatham Lodging Trust in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Oppenheimer dropped their target price on Chatham Lodging Trust from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, February 28th.

Insider Buying and Selling

In other Chatham Lodging Trust news, CEO Jeffrey H. Fisher purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average cost of $10.28 per share, for a total transaction of $102,800.00. Following the completion of the acquisition, the chief executive officer now owns 611,545 shares of the company’s stock, valued at approximately $6,286,682.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Chatham Lodging Trust

Several hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Chatham Lodging Trust by 1.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,138 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 800 shares during the period. State of Tennessee Treasury Department grew its position in shares of Chatham Lodging Trust by 2.8% in the fourth quarter. State of Tennessee Treasury Department now owns 35,192 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 969 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Chatham Lodging Trust by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 79,965 shares of the real estate investment trust’s stock valued at $1,135,000 after purchasing an additional 1,517 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Chatham Lodging Trust by 0.8% in the fourth quarter. Macquarie Group Ltd. now owns 201,455 shares of the real estate investment trust’s stock valued at $2,472,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Nomura Holdings Inc. grew its position in shares of Chatham Lodging Trust by 13.1% in the third quarter. Nomura Holdings Inc. now owns 13,612 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,577 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

About Chatham Lodging Trust

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Chatham Lodging Trust engages in the acquisition and investment in hotel properties. It focuses on the upscale extended-stay and premium branded select-service hotels. The firm’s management evaluates the company’s hotels as a single industry segment because all of the hotels have similar economic characteristics and provide similar services to similar types of customers.

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Earnings History for Chatham Lodging Trust (NYSE:CLDT)

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