UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Chatham Lodging Trust (NYSE:CLDT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 85.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,919 shares of the real estate investment trust’s stock after buying an additional 56,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Chatham Lodging Trust worth $1,047,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. FMR LLC raised its position in Chatham Lodging Trust by 59.5% in the 3rd quarter. FMR LLC now owns 42,567 shares of the real estate investment trust’s stock worth $363,000 after buying an additional 15,877 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Chatham Lodging Trust in the third quarter worth approximately $2,162,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Chatham Lodging Trust by 369.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,768 shares of the real estate investment trust’s stock valued at $629,000 after purchasing an additional 58,063 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Chatham Lodging Trust by 30.8% during the third quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after purchasing an additional 72,420 shares during the last quarter. Finally, Summit Global Investments bought a new position in Chatham Lodging Trust during the third quarter valued at approximately $238,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Stock Down 5.8 %

CLDT stock opened at $9.04 on Thursday. The business’s 50-day moving average is $8.88 and its two-hundred day moving average is $8.61. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $11.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $442.16 million, a price-to-earnings ratio of -39.30 and a beta of 1.82.

Chatham Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.28 annualized dividend and a yield of 3.10%. Chatham Lodging Trust’s payout ratio is presently -121.74%.

Analysts Set New Price Targets

Separately, Alliance Global Partners initiated coverage on shares of Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price for the company.

Chatham Lodging Trust Company 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.