Chatham Lodging Trust (CLDT) Projected to Post Quarterly Earnings on Wednesday

Chatham Lodging Trust (NYSE:CLDT) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $74.65 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Chatham Lodging Trust Stock Performance

NYSE:CLDT opened at $8.11 on Tuesday. Chatham Lodging Trust has a 1-year low of $7.60 and a 1-year high of $10.54. 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 business has a 50 day moving average of $8.77 and a 200 day moving average of $8.68. The company has a market capitalization of $396.42 million, a price-to-earnings ratio of -35.24 and a beta of 1.80.

Chatham Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.07 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.45%. Chatham Lodging Trust’s payout ratio is -121.74%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners initiated coverage on shares of Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock.

Chatham Lodging Trust Company Profile

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.