Chatham Lodging Trust (NYSE:CLDT – Get Rating) Director Edwin B. Brewer, Jr. bought 10,000 shares of Chatham Lodging Trust stock in a transaction dated Wednesday, May 18th. The stock was acquired at an average cost of $21.25 per share, for a total transaction of $212,500.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $212,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Chatham Lodging Trust stock traded down $0.21 during midday trading on Wednesday, hitting $12.56. 341,951 shares of the stock were exchanged, compared to its average volume of 332,635. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $612.99 million, a PE ratio of -16.87 and a beta of 1.71. The company has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $13.44. Chatham Lodging Trust has a 52 week low of $11.00 and a 52 week high of $15.12.
Chatham Lodging Trust (NYSE:CLDT – Get Rating) last announced its earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.30). Chatham Lodging Trust had a negative return on equity of 3.73% and a negative net margin of 13.46%. During the same quarter last year, the company earned ($0.15) EPS. As a group, equities research analysts anticipate that Chatham Lodging Trust will post 1.05 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Chatham Lodging Trust by 0.9% during the 1st quarter. BlackRock Inc. now owns 8,156,664 shares of the real estate investment trust’s stock worth $112,480,000 after buying an additional 74,187 shares during the period. Vanguard Group Inc. raised its holdings in Chatham Lodging Trust by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,867,191 shares of the real estate investment trust’s stock worth $80,909,000 after buying an additional 59,438 shares during the period. JPMorgan Chase & Co. raised its holdings in Chatham Lodging Trust by 241.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,880,145 shares of the real estate investment trust’s stock worth $53,236,000 after buying an additional 2,744,473 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Chatham Lodging Trust by 0.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,353,306 shares of the real estate investment trust’s stock worth $46,242,000 after buying an additional 23,310 shares during the period. Finally, State Street Corp raised its holdings in Chatham Lodging Trust by 3.3% during the 1st quarter. State Street Corp now owns 2,364,637 shares of the real estate investment trust’s stock worth $32,608,000 after buying an additional 74,600 shares during the period. Hedge funds and other institutional investors own 84.83% of the company’s stock.
About Chatham Lodging Trust (Get Rating)
Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. At September, 30, 2020, The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint ventures that owns 46 hotels with an aggregate of 5,948 rooms/suites.
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