Fmr LLC Raises Holdings in Chatham Lodging Trust (NYSE:CLDT)

Fmr LLC boosted its stake in Chatham Lodging Trust (NYSE:CLDT) by 59.5% during the third quarter, Holdings Channel.com reports. The firm owned 42,567 shares of the real estate investment trust’s stock after buying an additional 15,877 shares during the period. Fmr LLC’s holdings in Chatham Lodging Trust were worth $363,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. GSA Capital Partners LLP grew its holdings 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 worth $2,622,000 after purchasing an additional 72,420 shares during the last quarter. Quest Partners LLC boosted its position in Chatham Lodging Trust by 3,633.4% during the 2nd quarter. Quest Partners LLC now owns 72,055 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 70,125 shares during the period. Long Pond Capital LP purchased a new stake in Chatham Lodging Trust during the 2nd quarter valued at $5,617,000. Panagora Asset Management Inc. grew its holdings in Chatham Lodging Trust by 44.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock worth $2,127,000 after acquiring an additional 76,439 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Chatham Lodging Trust by 369.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,768 shares of the real estate investment trust’s stock valued at $629,000 after acquiring an additional 58,063 shares during the period. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Price Performance

Shares of CLDT stock opened at $9.00 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $11.10. The firm has a market cap of $440.20 million, a P/E ratio of -39.13 and a beta of 1.82. The business’s 50 day moving average price is $8.89 and its 200-day moving average price is $8.61.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently -121.74%.

Wall Street Analyst Weigh In

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

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.