State of Wyoming Takes $47,000 Position in Chatham Lodging Trust (REIT) $CLDT

State of Wyoming acquired a new stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,649 shares of the real estate investment trust’s stock, valued at approximately $47,000.

Several other large investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Chatham Lodging Trust by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,564 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 1,216 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Chatham Lodging Trust by 2.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,604 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 1,489 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in shares of Chatham Lodging Trust by 8.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 21,356 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 1,698 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Chatham Lodging Trust by 8.5% in the first quarter. MetLife Investment Management LLC now owns 28,318 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 2,226 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Chatham Lodging Trust by 7.2% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 34,608 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 2,338 shares in the last quarter. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Trading Down 2.3%

CLDT stock opened at $7.15 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50-day simple moving average is $7.21 and its 200 day simple moving average is $7.20. 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 $350.21 million, a PE ratio of 238.33 and a beta of 1.39.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. Chatham Lodging Trust had a net margin of 3.04% and a return on equity of 1.19%. The business had revenue of $80.29 million for the quarter, compared to the consensus estimate of $79.67 million. As a group, sell-side analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Chatham Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, September 30th. Chatham Lodging Trust’s dividend payout ratio is presently 1,200.00%.

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.