Vanguard Group Inc. Grows Stock Position in Chatham Lodging Trust (NYSE:CLDT)

Vanguard Group Inc. increased its holdings in Chatham Lodging Trust (NYSE:CLDT) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,779,061 shares of the real estate investment trust’s stock after acquiring an additional 21,758 shares during the period. Vanguard Group Inc. owned approximately 11.83% of Chatham Lodging Trust worth $55,306,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CLDT. LSV Asset Management raised its position in Chatham Lodging Trust by 3.4% in the third quarter. LSV Asset Management now owns 158,162 shares of the real estate investment trust’s stock valued at $1,514,000 after purchasing an additional 5,162 shares during the period. Belpointe Asset Management LLC increased its stake in Chatham Lodging Trust by 12.1% in the third quarter. Belpointe Asset Management LLC now owns 32,694 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 3,526 shares during the period. Asset Management One Co. Ltd. raised its stake in Chatham Lodging Trust by 3.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 82,380 shares of the real estate investment trust’s stock valued at $788,000 after acquiring an additional 2,716 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Chatham Lodging Trust by 8.7% during the third quarter. Nisa Investment Advisors LLC now owns 17,740 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Chatham Lodging Trust by 53.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 29,454 shares of the real estate investment trust’s stock worth $282,000 after buying an additional 10,234 shares during the last quarter. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Chatham Lodging Trust Price Performance

Shares of NYSE:CLDT opened at $10.05 on Tuesday. 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. The company has a market cap of $491.20 million, a P/E ratio of -91.32 and a beta of 1.74. The company has a 50-day moving average price of $10.25 and a 200 day moving average price of $10.17.

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

Chatham Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, March 27th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -254.55%.

Chatham Lodging Trust 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.