Diversified Trust Co Has $166,000 Holdings in Chatham Lodging Trust (REIT) $CLDT

Diversified Trust Co lifted its holdings in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 60.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,812 shares of the real estate investment trust’s stock after purchasing an additional 8,934 shares during the quarter. Diversified Trust Co’s holdings in Chatham Lodging Trust were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its position in Chatham Lodging Trust by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 56,119 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 19,679 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Chatham Lodging Trust in the first quarter valued at approximately $1,406,000. Peapod Lane Capital LLC acquired a new stake in shares of Chatham Lodging Trust in the first quarter valued at approximately $1,329,000. Nuveen Asset Management LLC raised its holdings in shares of Chatham Lodging Trust by 36.0% in the fourth quarter. Nuveen Asset Management LLC now owns 210,767 shares of the real estate investment trust’s stock valued at $1,886,000 after purchasing an additional 55,770 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Chatham Lodging Trust by 39.2% in the fourth quarter. Ameriprise Financial Inc. now owns 164,870 shares of the real estate investment trust’s stock valued at $1,480,000 after purchasing an additional 46,445 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Down 0.8%

Shares of CLDT stock opened at $7.01 on Thursday. 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 has a 1 year low of $5.83 and a 1 year high of $10.00. The firm’s fifty day moving average price is $7.16 and its two-hundred day moving average price is $7.12. The firm has a market capitalization of $343.35 million, a P/E ratio of 233.67 and a beta of 1.39.

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

Chatham Lodging Trust Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 5.1%. Chatham Lodging Trust’s payout ratio is 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.