Chatham Lodging Trust (NYSE:CLDT - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.330-0.360 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $84.3 million-$85.4 million, compared to the consensus revenue estimate of $86.4 million.
Chatham Lodging Trust Trading Down 1.7 %
CLDT stock traded down $0.16 during trading on Monday, hitting $9.02. The company had a trading volume of 513,452 shares, compared to its average volume of 227,375. The business has a 50-day moving average of $9.82 and a 200-day moving average of $10.14. Chatham Lodging Trust has a one year low of $8.62 and a one year high of $11.32. The stock has a market cap of $441.08 million, a PE ratio of -83.45 and a beta of 1.74. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.49.
Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.38). Chatham Lodging Trust had a net margin of 0.85% and a return on equity of 0.33%. The company had revenue of $72.28 million during the quarter, compared to the consensus estimate of $70.46 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. Research analysts predict that Chatham Lodging Trust will post 1.15 earnings per share for the current fiscal year.
Chatham Lodging Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Wednesday, March 27th. Chatham Lodging Trust's payout ratio is -254.55%.
Analyst Ratings Changes
Separately, Barclays cut their price target on Chatham Lodging Trust from $13.00 to $12.00 and set an overweight rating on the stock in a report on Wednesday, April 17th.
Check Out Our Latest Report on CLDT
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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