Chatham Lodging Trust (NYSE:CLDT) Issues Quarterly Earnings Results

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01, Zacks reports. Chatham Lodging Trust had a negative return on equity of 0.39% and a negative net margin of 0.99%. The company had revenue of $68.64 million for the quarter, compared to analyst estimates of $67.99 million. Chatham Lodging Trust updated its FY 2025 guidance to 0.950-1.030 EPS and its Q2 2025 guidance to 0.320-0.360 EPS.

Chatham Lodging Trust Stock Performance

Shares of NYSE CLDT traded down $0.12 during trading on Friday, reaching $6.97. 24,668 shares of the stock traded hands, compared to its average volume of 416,258. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $341.40 million, a P/E ratio of -30.30 and a beta of 1.42. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $10.00. The company has a 50-day moving average of $7.14 and a 200-day moving average of $8.24.

Chatham Lodging Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, March 31st. Chatham Lodging Trust's payout ratio is 600.00%.

Chatham Lodging Trust declared that its board has authorized a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

CLDT has been the subject of a number of research reports. Alliance Global Partners reiterated a "buy" rating on shares of Chatham Lodging Trust in a research note on Tuesday. StockNews.com lowered Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus dropped their price objective on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating for the company in a report on Wednesday, April 16th.

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.