Ballentine Partners LLC Takes $104,000 Position in Chatham Lodging Trust (REIT) $CLDT

Ballentine Partners LLC acquired a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,867 shares of the real estate investment trust’s stock, valued at approximately $104,000.

Several other institutional investors have also bought and sold shares of the stock. Donald Smith & CO. Inc. lifted its holdings in Chatham Lodging Trust by 9.3% in the 1st quarter. Donald Smith & CO. Inc. now owns 4,916,914 shares of the real estate investment trust’s stock valued at $35,058,000 after acquiring an additional 419,235 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Chatham Lodging Trust by 37.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 880,880 shares of the real estate investment trust’s stock valued at $6,281,000 after acquiring an additional 239,793 shares during the last quarter. Nuveen LLC acquired a new stake in Chatham Lodging Trust in the 1st quarter valued at about $1,406,000. Peapod Lane Capital LLC acquired a new stake in Chatham Lodging Trust in the 1st quarter valued at about $1,329,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in Chatham Lodging Trust by 119.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 265,964 shares of the real estate investment trust’s stock valued at $1,896,000 after acquiring an additional 144,641 shares during the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Price Performance

Shares of NYSE CLDT opened at $6.73 on Wednesday. The firm has a 50-day moving average of $7.14 and a two-hundred day moving average of $7.09. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $329.64 million, a price-to-earnings ratio of 224.33 and a beta of 1.39. Chatham Lodging Trust has a twelve month low of $5.83 and a twelve month high of $10.00.

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

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.3%. Chatham Lodging Trust’s dividend payout ratio is currently 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.