Connor Clark & Lunn Investment Management Ltd. Raises Stock Holdings in Chatham Lodging Trust (NYSE:CLDT)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Chatham Lodging Trust (NYSE:CLDT) by 369.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,768 shares of the real estate investment trust’s stock after purchasing an additional 58,063 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Chatham Lodging Trust were worth $629,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CLDT. Donald Smith & CO. Inc. boosted its holdings in shares of Chatham Lodging Trust by 3.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,441,680 shares of the real estate investment trust’s stock worth $29,323,000 after purchasing an additional 111,461 shares during the period. Millennium Management LLC boosted its stake 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 worth $12,055,000 after buying an additional 1,309,396 shares during the period. Renaissance Technologies LLC increased its position in Chatham Lodging Trust by 1.0% during the second quarter. Renaissance Technologies LLC now owns 957,275 shares of the real estate investment trust’s stock valued at $8,156,000 after acquiring an additional 9,200 shares during the last quarter. Long Pond Capital LP purchased a new stake in shares of Chatham Lodging Trust in the second quarter valued at $5,617,000. Finally, GSA Capital Partners LLP raised its stake in shares of Chatham Lodging Trust by 30.8% in the third quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after acquiring an additional 72,420 shares during the period. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Chatham Lodging Trust Price Performance

CLDT opened at $9.26 on Friday. The business has a fifty day moving average of $8.62 and a 200 day moving average of $8.52. The stock has a market cap of $452.91 million, a P/E ratio of -40.26 and a beta of 1.79. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.32.

Chatham Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio is currently -121.73%.

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.