Chatham Lodging Trust (NYSE:CLDT) Releases Q2 2024 Earnings Guidance

Chatham Lodging Trust (NYSE:CLDT) 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 2.1 %

NYSE CLDT opened at $9.00 on Thursday. The stock has a market cap of $440.14 million, a P/E ratio of -75.00 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 has a 12-month low of $8.62 and a 12-month high of $11.32. The company has a fifty day simple moving average of $9.76 and a two-hundred day simple moving average of $10.12.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). The firm had revenue of $72.28 million for the quarter, compared to analyst estimates of $70.46 million. Chatham Lodging Trust had a return on equity of 0.33% and a net margin of 0.85%. During the same period in the prior year, the firm posted $0.20 EPS. On average, analysts forecast that Chatham Lodging Trust will post 1.15 earnings per share for the current year.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -233.33%.

Analyst Ratings Changes

Separately, Barclays decreased their price target on Chatham Lodging Trust from $13.00 to $12.00 and set an overweight rating for the company in a report on Wednesday, April 17th.

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.