Chatham Lodging Trust (NYSE:CLDT) Stock Price Crosses Above Fifty Day Moving Average of $8.44

Chatham Lodging Trust (NYSE:CLDT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.44 and traded as high as $8.57. Chatham Lodging Trust shares last traded at $8.51, with a volume of 222,508 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

Chatham Lodging Trust Trading Up 1.6 %

The company’s fifty day simple moving average is $8.44 and its two-hundred day simple moving average is $9.12. The company has a market capitalization of $415.96 million, a price-to-earnings ratio of -70.88 and a beta of 1.80. 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 (NYSE:CLDT) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.26). Chatham Lodging Trust had a return on equity of 0.28% and a net margin of 0.73%. The business had revenue of $86.48 million for the quarter, compared to analyst estimates of $85.48 million. During the same period in the previous year, the business posted $0.43 EPS. Research analysts forecast that Chatham Lodging Trust will post 1.08 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.07 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.29%. Chatham Lodging Trust’s dividend payout ratio is presently -233.33%.

Insiders Place Their Bets

In related news, COO Dennis M. Craven purchased 12,000 shares of Chatham Lodging Trust stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $7.88 per share, for a total transaction of $94,560.00. Following the completion of the acquisition, the chief operating officer now directly owns 110,943 shares of the company’s stock, valued at $874,230.84. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its position in Chatham Lodging Trust by 1,241.7% in the 2nd quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock valued at $12,055,000 after buying an additional 1,309,396 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Chatham Lodging Trust by 56.8% in the second quarter. Donald Smith & CO. Inc. now owns 3,330,219 shares of the real estate investment trust’s stock valued at $28,373,000 after purchasing an additional 1,206,670 shares during the last quarter. Long Pond Capital LP bought a new stake in shares of Chatham Lodging Trust in the second quarter worth $5,617,000. Cubist Systematic Strategies LLC acquired a new position in Chatham Lodging Trust during the second quarter worth $946,000. Finally, Panagora Asset Management Inc. grew its position in Chatham Lodging Trust by 44.1% in the second quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock valued at $2,127,000 after purchasing an additional 76,439 shares in the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

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.