Principal Financial Group Inc. Has $2.73 Million Holdings in Chatham Lodging Trust (NYSE:CLDT)

Principal Financial Group Inc. reduced its holdings in Chatham Lodging Trust (NYSE:CLDTFree Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,691 shares of the real estate investment trust’s stock after selling 8,644 shares during the quarter. Principal Financial Group Inc. owned approximately 0.52% of Chatham Lodging Trust worth $2,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Donald Smith & CO. Inc. lifted its holdings in Chatham Lodging Trust by 7.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,799,074 shares of the real estate investment trust’s stock worth $19,286,000 after buying an additional 118,637 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Chatham Lodging Trust by 105.7% during the 3rd quarter. GSA Capital Partners LLP now owns 145,560 shares of the real estate investment trust’s stock worth $1,393,000 after buying an additional 74,813 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Chatham Lodging Trust by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 776,939 shares of the real estate investment trust’s stock valued at $8,329,000 after acquiring an additional 56,937 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of Chatham Lodging Trust during the 3rd quarter valued at $286,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Chatham Lodging Trust during the 4th quarter valued at $262,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Read Our Latest Analysis on CLDT

Chatham Lodging Trust Price Performance

CLDT opened at $8.46 on Friday. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.49. Chatham Lodging Trust has a 12 month low of $8.23 and a 12 month high of $11.32. The company has a fifty day simple moving average of $9.30 and a 200 day simple moving average of $10.03. The stock has a market cap of $413.76 million, a P/E ratio of -70.50 and a beta of 1.74.

Chatham Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Wednesday, March 27th. Chatham Lodging Trust’s dividend payout ratio is -233.33%.

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

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