Cwm LLC Has $154,000 Stock Position in Chatham Lodging Trust (REIT) $CLDT

Cwm LLC grew its stake in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 4,925.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,061 shares of the real estate investment trust’s stock after purchasing an additional 21,622 shares during the quarter. Cwm LLC’s holdings in Chatham Lodging Trust were worth $154,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming acquired a new stake in Chatham Lodging Trust in the first quarter valued at $47,000. Strs Ohio bought a new stake in shares of Chatham Lodging Trust in the 1st quarter valued at about $61,000. Acadian Asset Management LLC bought a new stake in shares of Chatham Lodging Trust in the 1st quarter valued at about $62,000. Quarry LP raised its holdings in shares of Chatham Lodging Trust by 38.1% in the 1st quarter. Quarry LP now owns 10,341 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 2,854 shares during the period. Finally, Nissay Asset Management Corp Japan ADV bought a new stake in shares of Chatham Lodging Trust in the 1st quarter valued at about $74,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Down 0.4%

CLDT stock opened at $6.43 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $314.69 million, a price-to-earnings ratio of 214.17 and a beta of 1.44. The business’s fifty day moving average price is $6.91 and its two-hundred day moving average price is $7.01. Chatham Lodging Trust has a fifty-two week low of $5.83 and a fifty-two week high of $10.00.

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, topping analysts’ consensus estimates 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 analyst estimates of $79.67 million. On average, equities analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Tuesday, September 30th. Chatham Lodging Trust’s payout ratio is 1,200.00%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Chatham Lodging Trust presently has an average rating of “Moderate Buy” and an average price target of $10.75.

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.