Zurcher Kantonalbank Zurich Cantonalbank Purchases 7,070 Shares of Chatham Lodging Trust (NYSE:CLDT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 83.5% during the 4th quarter, Holdings Channel reports. The fund owned 15,537 shares of the real estate investment trust’s stock after buying an additional 7,070 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chatham Lodging Trust were worth $167,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CLDT. Nisa Investment Advisors LLC boosted its position in 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 valued at $170,000 after purchasing an additional 1,420 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Chatham Lodging Trust by 6.8% during the 4th quarter. SG Americas Securities LLC now owns 28,577 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 1,825 shares in the last quarter. Belpointe Asset Management LLC lifted its position in Chatham Lodging Trust by 12.1% during 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 acquiring an additional 3,526 shares during the last quarter. LSV Asset Management grew its holdings 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 worth $1,514,000 after purchasing an additional 5,162 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Chatham Lodging Trust by 5.9% during the third quarter. Public Employees Retirement System of Ohio now owns 94,910 shares of the real estate investment trust’s stock worth $908,000 after purchasing an additional 5,282 shares in the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays dropped their target price on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th.

Chatham Lodging Trust Price Performance

Shares of CLDT opened at $9.00 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.08 and a quick ratio of 3.08. The company’s fifty day moving average price is $9.76 and its 200-day moving average price is $10.12. Chatham Lodging Trust has a 1-year low of $8.62 and a 1-year high of $11.32. The firm has a market capitalization of $440.14 million, a PE ratio of -75.00 and a beta of 1.74.

Chatham Lodging Trust (NYSE:CLDT) last announced 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 analysts’ expectations of $70.46 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, equities research analysts predict that Chatham Lodging Trust will post 1.15 EPS for the current year.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -233.33%.

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.