Chatham Lodging Trust (NYSE:CLDT – Get Free Report) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.330-0.360 for the period, compared to the consensus earnings per share 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 Up 1.2 %
Shares of CLDT stock traded up $0.11 during mid-day trading on Tuesday, reaching $9.13. 27,846 shares of the stock traded hands, compared to its average volume of 225,027. The stock’s fifty day simple moving average is $9.80 and its two-hundred day simple moving average is $10.13. Chatham Lodging Trust has a 1-year low of $8.62 and a 1-year high of $11.32. The company has a market cap of $446.46 million, a price-to-earnings ratio of -82.00 and a beta of 1.74. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.49.
Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last posted its earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.38). The firm had revenue of $72.28 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.20 earnings per share. On average, research analysts anticipate that Chatham Lodging Trust will post 1.15 EPS for the current fiscal year.
Chatham Lodging Trust Dividend Announcement
Analyst Upgrades and Downgrades
Separately, Barclays dropped their price objective on shares of Chatham Lodging Trust from $13.00 to $12.00 and set an overweight rating on the stock in a research report on Wednesday, April 17th.
Get Our Latest Research Report on CLDT
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.
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