Asset Management One Co. Ltd. Lowers Stake in Chatham Lodging Trust (NYSE:CLDT)

Asset Management One Co. Ltd. cut its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 11.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,052 shares of the real estate investment trust’s stock after selling 9,328 shares during the period. Asset Management One Co. Ltd. owned approximately 0.15% of Chatham Lodging Trust worth $801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CLDT. Lazard Asset Management LLC acquired a new stake in Chatham Lodging Trust in the first quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its stake in Chatham Lodging Trust by 94.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,353 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,630 shares during the period. Quarry LP grew its stake in Chatham Lodging Trust by 146.1% in the 2nd quarter. Quarry LP now owns 4,235 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 2,514 shares during the period. Captrust Financial Advisors purchased a new stake in Chatham Lodging Trust in the 2nd quarter worth $51,000. Finally, UBS Group AG raised its position in Chatham Lodging Trust by 156.3% during the third quarter. UBS Group AG now owns 8,840 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 5,391 shares during the period. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Down 1.3 %

Shares of NYSE CLDT opened at $9.74 on Friday. The firm has a market cap of $476.29 million, a price-to-earnings ratio of -88.55 and a beta of 1.74. The company’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $10.18. 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:CLDT) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.38). Chatham Lodging Trust had a return on equity of 0.33% and a net margin of 0.85%. The firm had revenue of $72.28 million during the quarter, compared to analyst estimates of $70.46 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Equities analysts predict that Chatham Lodging Trust will post 1.15 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.87%. Chatham Lodging Trust’s payout ratio is currently -254.55%.

About Chatham Lodging Trust

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.