SG Americas Securities LLC Takes Position in Chatham Lodging Trust (NYSE:CLDT)

SG Americas Securities LLC bought a new stake in Chatham Lodging Trust (NYSE:CLDTGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,198 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in Chatham Lodging Trust in the first quarter valued at about $169,000. Russell Investments Group Ltd. raised its stake in Chatham Lodging Trust by 11.6% in the first quarter. Russell Investments Group Ltd. now owns 77,540 shares of the real estate investment trust’s stock valued at $1,068,000 after purchasing an additional 8,090 shares in the last quarter. Fisher Asset Management LLC raised its stake in Chatham Lodging Trust by 148.6% in the first quarter. Fisher Asset Management LLC now owns 78,090 shares of the real estate investment trust’s stock valued at $1,077,000 after purchasing an additional 46,681 shares in the last quarter. IndexIQ Advisors LLC raised its stake in Chatham Lodging Trust by 186.6% in the first quarter. IndexIQ Advisors LLC now owns 44,001 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 28,646 shares in the last quarter. Finally, Monarch Partners Asset Management LLC raised its stake in Chatham Lodging Trust by 143.3% in the first quarter. Monarch Partners Asset Management LLC now owns 447,913 shares of the real estate investment trust’s stock valued at $6,177,000 after purchasing an additional 263,834 shares in the last quarter. Institutional investors own 87.82% of the company’s stock.

Chatham Lodging Trust Stock Down 2.0 %

Shares of NYSE CLDT opened at $12.83 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. The company has a market cap of $626.21 million, a price-to-earnings ratio of -91.64 and a beta of 1.80. Chatham Lodging Trust has a 12 month low of $9.59 and a 12 month high of $15.12. The stock has a 50-day moving average price of $11.74 and a two-hundred day moving average price of $11.97.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research note on Monday, August 8th. StockNews.com downgraded Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 2nd. Finally, Barclays boosted their target price on Chatham Lodging Trust to $16.00 in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Chatham Lodging Trust Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Chatham Lodging Trust (NYSE:CLDT)

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