GSA Capital Partners LLP trimmed its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT – Free Report) by 55.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 173,380 shares of the real estate investment trust’s stock after selling 212,468 shares during the period. GSA Capital Partners LLP’s holdings in Chatham Lodging Trust were worth $1,181,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in CLDT. Sculptor Capital LP acquired a new stake in shares of Chatham Lodging Trust during the second quarter valued at about $14,901,000. Ameriprise Financial Inc. boosted its stake in shares of Chatham Lodging Trust by 413.3% during the third quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock valued at $5,464,000 after purchasing an additional 655,265 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Chatham Lodging Trust by 394.2% during the second quarter. AQR Capital Management LLC now owns 486,346 shares of the real estate investment trust’s stock valued at $3,390,000 after purchasing an additional 387,937 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Chatham Lodging Trust by 24.0% during the third quarter. Kennedy Capital Management LLC now owns 801,619 shares of the real estate investment trust’s stock valued at $5,379,000 after purchasing an additional 155,023 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Chatham Lodging Trust during the second quarter valued at about $906,000. 88.37% of the stock is owned by institutional investors and hedge funds.
Chatham Lodging Trust Price Performance
Chatham Lodging Trust stock opened at $10.65 on Thursday. The stock’s 50 day moving average is $8.57 and its 200 day moving average is $7.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $497.10 million, a P/E ratio of 532.45 and a beta of 1.05. Chatham Lodging Trust has a one year low of $6.08 and a one year high of $10.67.
Chatham Lodging Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.10 dividend. This is an increase from Chatham Lodging Trust’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Chatham Lodging Trust’s payout ratio is presently 2,000.00%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Zacks Research lowered Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a research note on Friday, May 8th. Stifel Nicolaus lifted their price objective on Chatham Lodging Trust from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings lowered Chatham Lodging Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chatham Lodging Trust presently has a consensus rating of “Hold” and a consensus price target of $11.00.
Check Out Our Latest Research Report on CLDT
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.
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