Chatham Lodging Trust (REIT) (CLDT) Shares Bought by Boston Partners

Boston Partners raised its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,124,547 shares of the real estate investment trust’s stock after purchasing an additional 33,450 shares during the period. Boston Partners owned about 2.87% of Chatham Lodging Trust (REIT) worth $23,975,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinebridge Investments L.P. bought a new stake in Chatham Lodging Trust (REIT) during the 2nd quarter valued at $101,000. State of Alaska Department of Revenue bought a new stake in Chatham Lodging Trust (REIT) during the 2nd quarter valued at $151,000. Teachers Retirement System of The State of Kentucky bought a new stake in Chatham Lodging Trust (REIT) during the 2nd quarter valued at $167,000. Municipal Employees Retirement System of Michigan bought a new stake in Chatham Lodging Trust (REIT) during the 2nd quarter valued at $182,000. Finally, HighTower Advisors LLC bought a new stake in Chatham Lodging Trust (REIT) during the 1st quarter valued at $208,000. 76.69% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust (CLDT) opened at $22.82 on Tuesday. Chatham Lodging Trust has a 1 year low of $18.66 and a 1 year high of $23.27. The stock has a market capitalization of $1,036.31, a PE ratio of 10.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Chatham Lodging Trust (REIT) had a return on equity of 3.90% and a net margin of 9.03%. The company had revenue of $81.40 million for the quarter, compared to analyst estimates of $80.12 million. During the same period in the prior year, the company posted $0.71 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. equities analysts predict that Chatham Lodging Trust will post 2.17 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 5.78%. The ex-dividend date is Wednesday, November 29th. Chatham Lodging Trust (REIT)’s dividend payout ratio is currently 194.12%.

Several research analysts have recently commented on the company. JMP Securities raised Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. Stifel Nicolaus reissued a “hold” rating and issued a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Janney Montgomery Scott assumed coverage on Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They issued a “neutral” rating and a $21.00 price target for the company. Cantor Fitzgerald reissued a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 21st. Finally, BidaskClub raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.08.

ILLEGAL ACTIVITY WARNING: This report was first reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.thestockobserver.com/2017/11/14/chatham-lodging-trust-reit-cldt-shares-bought-by-boston-partners.html.

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.

Want to see what other hedge funds are holding CLDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chatham Lodging Trust (REIT) (NYSE:CLDT).

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

Receive News & Ratings for Chatham Lodging Trust (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply