Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 273,000 Chatham Lodging Trust (NYSE:CLDT)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Chatham Lodging Trust (NYSE:CLDT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 273,000 shares of the real estate investment trust’s stock, valued at approximately $2,326,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLDT. Millennium Management LLC lifted its holdings in Chatham Lodging Trust by 1,241.7% during the second quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock valued at $12,055,000 after purchasing an additional 1,309,396 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Chatham Lodging Trust by 56.8% during the second quarter. Donald Smith & CO. Inc. now owns 3,330,219 shares of the real estate investment trust’s stock valued at $28,373,000 after purchasing an additional 1,206,670 shares in the last quarter. Long Pond Capital LP purchased a new position in Chatham Lodging Trust during the second quarter valued at $5,617,000. Cubist Systematic Strategies LLC purchased a new position in Chatham Lodging Trust during the second quarter valued at $946,000. Finally, Panagora Asset Management Inc. lifted its holdings in Chatham Lodging Trust by 44.1% during the second quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock valued at $2,127,000 after purchasing an additional 76,439 shares in the last quarter. 88.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th.

Chatham Lodging Trust Stock Performance

NYSE:CLDT opened at $8.56 on Monday. The company’s 50-day moving average price is $8.39 and its 200-day moving average price is $8.78. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. The company has a market cap of $418.65 million, a P/E ratio of -71.33 and a beta of 1.79. Chatham Lodging Trust has a twelve month low of $7.60 and a twelve month high of $11.32.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). The firm had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $85.48 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, sell-side analysts forecast that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio is currently -233.33%.

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.