Fmr LLC Raises Position in Chatham Lodging Trust (NYSE:CLDT)

Fmr LLC raised its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 59.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,567 shares of the real estate investment trust’s stock after buying an additional 15,877 shares during the quarter. Fmr LLC owned about 0.09% of Chatham Lodging Trust worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CLDT. Allspring Global Investments Holdings LLC grew its holdings in shares of Chatham Lodging Trust by 322.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 7,587 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Chatham Lodging Trust by 44.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock worth $2,127,000 after buying an additional 76,439 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Chatham Lodging Trust by 3,633.4% in the 2nd quarter. Quest Partners LLC now owns 72,055 shares of the real estate investment trust’s stock worth $614,000 after buying an additional 70,125 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at $46,000. Finally, Donald Smith & CO. Inc. raised its position in shares of Chatham Lodging Trust by 56.8% during the 2nd 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 buying an additional 1,206,670 shares in the last quarter. 88.37% of the stock is currently owned by institutional investors.

Chatham Lodging Trust Stock Down 0.4 %

Shares of CLDT opened at $9.00 on Friday. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50 day simple moving average of $8.89 and a two-hundred day simple moving average of $8.61. The firm has a market cap of $440.20 million, a P/E ratio of -39.13 and a beta of 1.82.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio is currently -121.74%.

Analysts Set New Price Targets

Separately, Alliance Global Partners began coverage on Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock.

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.