Donald Smith & CO. Inc. Has $33.58 Million Stock Holdings in Chatham Lodging Trust (REIT) $CLDT

Donald Smith & CO. Inc. decreased its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,817,121 shares of the real estate investment trust’s stock after selling 99,793 shares during the quarter. Donald Smith & CO. Inc. owned 9.83% of Chatham Lodging Trust worth $33,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CLDT. Adage Capital Partners GP L.L.C. grew its holdings in shares of Chatham Lodging Trust by 37.4% during the first quarter. Adage Capital Partners GP L.L.C. now owns 880,880 shares of the real estate investment trust’s stock worth $6,281,000 after purchasing an additional 239,793 shares during the last quarter. Nuveen LLC acquired a new stake in Chatham Lodging Trust during the first quarter worth approximately $1,406,000. Y Intercept Hong Kong Ltd acquired a new stake in Chatham Lodging Trust in the second quarter worth $1,131,000. Cubist Systematic Strategies LLC increased its position 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 buying an additional 144,641 shares in the last quarter. Finally, Peapod Lane Capital LLC increased its holdings in shares of Chatham Lodging Trust by 72.1% during the second quarter. Peapod Lane Capital LLC now owns 320,641 shares of the real estate investment trust’s stock valued at $2,235,000 after acquiring an additional 134,285 shares in the last quarter. 88.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chatham Lodging Trust in a report on Monday, December 1st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.75.

Chatham Lodging Trust Stock Down 0.1%

Shares of NYSE:CLDT opened at $6.52 on Friday. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average of $6.56 and a 200 day moving average of $6.94. The firm has a market capitalization of $316.11 million, a PE ratio of 651.50 and a beta of 1.12.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $78.41 million for the quarter, compared to analysts’ expectations of $79.68 million. Chatham Lodging Trust had a return on equity of 1.11% and a net margin of 2.89%.Chatham Lodging Trust has set its FY 2025 guidance at 0.960-0.990 EPS and its Q4 2025 guidance at 0.140-0.17 EPS. As a group, research analysts anticipate that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.5%. Chatham Lodging Trust’s dividend payout ratio is currently 3,600.00%.

About Chatham Lodging Trust

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.