Geode Capital Management LLC Increases Stock Position in Chatham Lodging Trust (NYSE:CLDT)

Geode Capital Management LLC grew its position in shares of Chatham Lodging Trust (NYSE:CLDT) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,285,326 shares of the real estate investment trust’s stock after purchasing an additional 26,129 shares during the period. Geode Capital Management LLC owned approximately 2.63% of Chatham Lodging Trust worth $10,953,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Chatham Lodging Trust during the 2nd quarter valued at approximately $46,000. Quarry LP raised its holdings in shares of Chatham Lodging Trust by 303.7% during the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 4,149 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Chatham Lodging Trust during the 2nd quarter valued at approximately $63,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Chatham Lodging Trust by 322.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 7,587 shares in the last quarter. Finally, Creative Planning bought a new stake in Chatham Lodging Trust in the third quarter worth $89,000. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Trading Down 0.3 %

Shares of CLDT stock opened at $8.95 on Wednesday. The company has a market cap of $437.75 million, a PE ratio of -38.91 and a beta of 1.82. 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’s 50 day simple moving average is $9.01 and its two-hundred day simple moving average is $8.65. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.10.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend on an annualized basis and a yield of 3.13%. Chatham Lodging Trust’s dividend payout ratio is presently -121.74%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners assumed coverage on shares of Chatham Lodging Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $12.00 price objective 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.