Chatham Lodging Trust (NYSE:CLDT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,229,668 shares of the real estate investment trust’s stock after selling 55,658 shares during the quarter. Geode Capital Management LLC owned approximately 2.51% of Chatham Lodging Trust worth $11,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of CLDT. Quantbot Technologies LP acquired a new stake in Chatham Lodging Trust during the 4th quarter worth $25,000. KLP Kapitalforvaltning AS acquired a new position in Chatham Lodging Trust in the fourth quarter valued at $68,000. Ballentine Partners LLC purchased a new position in shares of Chatham Lodging Trust during the fourth quarter worth about $102,000. Pensionfund Sabic increased its position in shares of Chatham Lodging Trust by 66.7% during the fourth quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Chatham Lodging Trust during the fourth quarter worth about $155,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Trading Up 0.7 %

NYSE CLDT opened at $6.89 on Wednesday. The firm’s fifty day moving average is $7.44 and its two-hundred day moving average is $8.36. Chatham Lodging Trust has a one year low of $5.83 and a one year high of $10.00. 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 firm has a market cap of $337.24 million, a PE ratio of -29.93 and a beta of 1.49.

Chatham Lodging Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio is presently -450.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CLDT shares. StockNews.com downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their price objective on Chatham Lodging Trust from $11.00 to $9.50 and set a “buy” rating for the company in a report on Wednesday, April 16th.

Chatham Lodging Trust 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.