Renaissance Technologies LLC lessened its holdings in Chatham Lodging Trust (REIT) (NYSE:CLDT – Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 919,075 shares of the real estate investment trust’s stock after selling 99,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Chatham Lodging Trust were worth $7,233,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Donald Smith & CO. Inc. increased its position in Chatham Lodging Trust by 1.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,684,548 shares of the real estate investment trust’s stock worth $31,902,000 after acquiring an additional 88,879 shares during the period. Sculptor Capital LP boosted its holdings in Chatham Lodging Trust by 10.6% in the 4th quarter. Sculptor Capital LP now owns 2,365,395 shares of the real estate investment trust’s stock valued at $16,108,000 after purchasing an additional 227,500 shares during the period. Aegis Financial Corp bought a new stake in Chatham Lodging Trust in the 4th quarter valued at about $4,621,000. Engineers Gate Manager LP grew its position in shares of Chatham Lodging Trust by 36.2% during the 2nd quarter. Engineers Gate Manager LP now owns 48,960 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 13,020 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Chatham Lodging Trust during the 2nd quarter worth approximately $906,000. Institutional investors own 88.37% of the company’s stock.
Chatham Lodging Trust Trading Down 1.4%
Shares of CLDT opened at $13.14 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.73 and a current ratio of 0.73. Chatham Lodging Trust has a 52-week low of $6.08 and a 52-week high of $13.88. The firm has a market cap of $613.61 million, a price-to-earnings ratio of 657.25 and a beta of 1.08. The business’s fifty day moving average is $12.71 and its 200-day moving average is $9.76.
Chatham Lodging Trust Dividend Announcement
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Alliance Global Partners reaffirmed a “buy” rating on shares of Chatham Lodging Trust in a report on Friday, May 8th. Zacks Research raised Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Stifel Nicolaus raised their price target on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 price target on shares of Chatham Lodging Trust in a research note on Friday, June 12th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.
Check Out Our Latest Research Report on CLDT
Chatham Lodging Trust Company Profile
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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