Sculptor Capital LP grew its position in Chatham Lodging Trust (REIT) (NYSE:CLDT – Free Report) by 10.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,365,395 shares of the real estate investment trust’s stock after acquiring an additional 227,500 shares during the period. Sculptor Capital LP’s holdings in Chatham Lodging Trust were worth $16,108,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of Chatham Lodging Trust by 195.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,858 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Chatham Lodging Trust during the 3rd quarter worth $52,000. Strs Ohio purchased a new stake in shares of Chatham Lodging Trust during the 1st quarter worth $61,000. Quarry LP lifted its position in shares of Chatham Lodging Trust by 61.9% during the 3rd quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Chatham Lodging Trust during the 1st quarter worth $62,000. 88.37% of the stock is owned by hedge funds and other institutional investors.
Chatham Lodging Trust Price Performance
Shares of NYSE:CLDT opened at $12.75 on Tuesday. The company’s fifty day moving average price is $9.88 and its 200 day moving average price is $8.19. Chatham Lodging Trust has a 12 month low of $6.08 and a 12 month high of $13.15. 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 capitalization of $595.17 million, a P/E ratio of 637.50 and a beta of 1.11.
Chatham Lodging Trust Dividend Announcement
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on CLDT shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 price objective on shares of Chatham Lodging Trust in a research report on Friday. Weiss Ratings raised shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a research report on Friday, May 8th. Zacks Research cut shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a $13.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.50.
View Our Latest Research Report on Chatham Lodging Trust
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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