QS Investors LLC Has $1,101,000 Stake in Chatham Lodging Trust (REIT) (CLDT)

QS Investors LLC continued to hold its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,817 shares of the real estate investment trust’s stock at the end of the second quarter. QS Investors LLC owned approximately 0.14% of Chatham Lodging Trust (REIT) worth $1,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in shares of Chatham Lodging Trust (REIT) by 17.7% during the 2nd quarter. Stifel Financial Corp now owns 466,074 shares of the real estate investment trust’s stock valued at $9,381,000 after buying an additional 70,243 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Chatham Lodging Trust (REIT) by 12.3% during the 2nd quarter. Voya Investment Management LLC now owns 19,471 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 2,130 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Chatham Lodging Trust (REIT) by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 558,224 shares of the real estate investment trust’s stock valued at $11,215,000 after buying an additional 17,027 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in shares of Chatham Lodging Trust (REIT) during the 2nd quarter valued at $167,000. Finally, Citadel Advisors LLC lifted its holdings in shares of Chatham Lodging Trust (REIT) by 4,295.3% during the 2nd quarter. Citadel Advisors LLC now owns 116,168 shares of the real estate investment trust’s stock valued at $2,334,000 after buying an additional 118,937 shares during the period. 83.10% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on CLDT. BidaskClub raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, October 6th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 21st. Janney Montgomery Scott began coverage on Chatham Lodging Trust (REIT) in a report on Friday, September 15th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.50 target price on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Chatham Lodging Trust (REIT) currently has a consensus rating of “Hold” and a consensus price target of $20.92.

In related news, Director Robert D. Perlmutter sold 2,566 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total transaction of $52,269.42. Following the completion of the transaction, the director now owns 33,258 shares in the company, valued at approximately $677,465.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by corporate insiders.

Shares of Chatham Lodging Trust (CLDT) opened at 22.16 on Friday. Chatham Lodging Trust has a 52 week low of $16.45 and a 52 week high of $22.17. The firm has a 50-day moving average price of $20.87 and a 200-day moving average price of $20.11. The stock has a market cap of $867.96 million, a price-to-earnings ratio of 33.58 and a beta of 1.07.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.52). The firm had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.84 million. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. On average, equities analysts anticipate that Chatham Lodging Trust will post $0.59 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, November 24th. Investors of record on Tuesday, October 31st will be given a dividend of $0.11 per share. The ex-dividend date is Monday, October 30th. This represents a $1.32 annualized dividend and a dividend yield of 5.96%. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 200.00%.

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Chatham Lodging Trust (REIT) Profile

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

Institutional Ownership by Quarter for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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