Chatham Lodging Trust (NYSE:CLDT) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its position in Chatham Lodging Trust (NYSE:CLDTFree Report) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 94,910 shares of the real estate investment trust’s stock after acquiring an additional 5,282 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Chatham Lodging Trust were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CLDT. Raymond James & Associates raised its position in Chatham Lodging Trust by 13.2% during the first quarter. Raymond James & Associates now owns 33,025 shares of the real estate investment trust’s stock worth $455,000 after acquiring an additional 3,844 shares during the period. Citigroup Inc. raised its position in Chatham Lodging Trust by 13.9% during the first quarter. Citigroup Inc. now owns 54,186 shares of the real estate investment trust’s stock worth $747,000 after acquiring an additional 6,597 shares during the period. PNC Financial Services Group Inc. raised its position in Chatham Lodging Trust by 57.5% during the first quarter. PNC Financial Services Group Inc. now owns 8,525 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 3,111 shares during the period. MetLife Investment Management LLC raised its position in Chatham Lodging Trust by 55.4% during the first quarter. MetLife Investment Management LLC now owns 25,843 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 9,215 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Chatham Lodging Trust by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,043 shares of the real estate investment trust’s stock worth $580,000 after acquiring an additional 5,184 shares during the period. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th.

View Our Latest Stock Analysis on CLDT

Chatham Lodging Trust Price Performance

Shares of NYSE CLDT opened at $9.88 on Wednesday. The firm has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $10.16. The stock has a market capitalization of $483.13 million, a price-to-earnings ratio of -89.82 and a beta of 1.74. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.49. Chatham Lodging Trust has a 52 week low of $8.92 and a 52 week high of $11.32.

Chatham Lodging Trust (NYSE:CLDTGet Free Report) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). The business had revenue of $72.28 million during the quarter, compared to analyst estimates of $70.46 million. Chatham Lodging Trust had a net margin of 0.85% and a return on equity of 0.33%. During the same quarter last year, the company earned $0.20 earnings per share. On average, equities analysts predict that Chatham Lodging Trust will post 1.15 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, March 27th. Chatham Lodging Trust’s payout ratio is currently -254.55%.

About Chatham Lodging Trust

(Free Report)

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.

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Want to see what other hedge funds are holding CLDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chatham Lodging Trust (NYSE:CLDTFree Report).

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

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