Rhumbline Advisers Has $615,000 Holdings in Chatham Lodging Trust (REIT) $CLDT

Rhumbline Advisers trimmed its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,256 shares of the real estate investment trust’s stock after selling 4,414 shares during the period. Rhumbline Advisers owned 0.18% of Chatham Lodging Trust worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in Chatham Lodging Trust during the first quarter worth $61,000. Acadian Asset Management LLC acquired a new position in Chatham Lodging Trust during the first quarter worth $62,000. Jane Street Group LLC increased its holdings in Chatham Lodging Trust by 6.6% during the first quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock worth $2,064,000 after buying an additional 18,030 shares during the last quarter. Nissay Asset Management Corp Japan ADV acquired a new position in Chatham Lodging Trust during the first quarter worth $74,000. Finally, AQR Capital Management LLC increased its holdings in Chatham Lodging Trust by 35.8% during the first quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 25,926 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Price Performance

Shares of CLDT opened at $7.07 on Tuesday. The company has a market cap of $346.29 million, a price-to-earnings ratio of 235.67 and a beta of 1.39. Chatham Lodging Trust has a 1-year low of $5.83 and a 1-year high of $10.00. The company’s fifty day simple moving average is $7.17 and its 200 day simple moving average is $7.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27.

Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $80.29 million for the quarter, compared to the consensus estimate of $79.67 million. Chatham Lodging Trust had a net margin of 3.04% and a return on equity of 1.19%. On average, research analysts forecast that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Chatham Lodging Trust’s payout ratio is 1,200.00%.

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.