UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 21,215 Shares of Chatham Lodging Trust (NYSE:CLDT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,134 shares of the real estate investment trust’s stock after acquiring an additional 21,215 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Chatham Lodging Trust worth $1,290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Chatham Lodging Trust during the 4th quarter worth about $25,000. Lazard Asset Management LLC acquired a new stake in shares of Chatham Lodging Trust during the 4th quarter worth approximately $56,000. Quarry LP grew its position in shares of Chatham Lodging Trust by 23.5% during the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,423 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Chatham Lodging Trust during the fourth quarter worth approximately $68,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Chatham Lodging Trust during the fourth quarter worth approximately $94,000. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Stock Performance

Shares of CLDT stock opened at $7.31 on Tuesday. Chatham Lodging Trust has a 52 week low of $5.83 and a 52 week high of $10.00. The company has a market capitalization of $358.07 million, a price-to-earnings ratio of -31.78 and a beta of 1.44. The company has a 50-day simple moving average of $6.92 and a 200 day simple moving average of $8.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $68.64 million for the quarter, compared to analysts’ expectations of $67.99 million. Chatham Lodging Trust had a negative net margin of 0.99% and a negative return on equity of 0.39%. On average, sell-side analysts predict that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Chatham Lodging Trust declared that its board has initiated a stock repurchase program on Tuesday, May 6th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 7.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Chatham Lodging Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.09 per share. This is a boost from Chatham Lodging Trust’s previous quarterly dividend of $0.02. This represents a $0.36 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Monday, June 30th. Chatham Lodging Trust’s payout ratio is 600.00%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Chatham Lodging Trust from $11.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Wall Street Zen cut shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research note on Tuesday, May 6th.

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.