Y Intercept Hong Kong Ltd Acquires Shares of 162,208 Chatham Lodging Trust (REIT) $CLDT

Y Intercept Hong Kong Ltd acquired a new stake in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 162,208 shares of the real estate investment trust’s stock, valued at approximately $1,131,000. Y Intercept Hong Kong Ltd owned approximately 0.33% of Chatham Lodging Trust at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CLDT. Donald Smith & CO. Inc. lifted its stake in Chatham Lodging Trust by 9.3% during 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 in the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Chatham Lodging Trust by 37.4% during 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 purchasing an additional 239,793 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Chatham Lodging Trust during the 1st quarter valued at $1,406,000. Peapod Lane Capital LLC purchased a new stake in shares of Chatham Lodging Trust during the 1st quarter valued at $1,329,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Chatham Lodging Trust by 119.2% during 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 purchasing an additional 144,641 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Chatham Lodging Trust Trading Up 1.2%

Shares of Chatham Lodging Trust stock opened at $6.48 on Tuesday. The stock has a fifty day moving average price of $6.86 and a 200-day moving average price of $7.01. Chatham Lodging Trust has a 1 year low of $5.83 and a 1 year high of $10.00. The firm has a market cap of $317.14 million, a PE ratio of 215.83 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 1.07.

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

Chatham Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.36 annualized dividend and a yield of 5.6%. Chatham Lodging Trust’s dividend payout ratio (DPR) 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.