10,449 Shares in Chatham Lodging Trust (REIT) (CLDT) Acquired by HighTower Advisors LLC

HighTower Advisors LLC acquired a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,449 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Management LLC boosted its position in Chatham Lodging Trust (REIT) by 2.4% in the first quarter. Quadrant Capital Management LLC now owns 33,975 shares of the real estate investment trust’s stock valued at $671,000 after buying an additional 800 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Chatham Lodging Trust (REIT) by 11.1% in the first quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 1,341 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Chatham Lodging Trust (REIT) by 0.8% in the first quarter. Mutual of America Capital Management LLC now owns 192,681 shares of the real estate investment trust’s stock valued at $3,805,000 after buying an additional 1,435 shares during the last quarter. American International Group Inc. boosted its position in Chatham Lodging Trust (REIT) by 7.1% in the first quarter. American International Group Inc. now owns 23,115 shares of the real estate investment trust’s stock valued at $457,000 after buying an additional 1,532 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Chatham Lodging Trust (REIT) by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 47,461 shares of the real estate investment trust’s stock valued at $937,000 after buying an additional 1,930 shares during the last quarter. 82.76% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust (CLDT) opened at 19.59 on Friday. The stock’s 50 day moving average is $20.31 and its 200 day moving average is $19.92. Chatham Lodging Trust has a 52-week low of $16.45 and a 52-week high of $21.74. The company has a market cap of $767.30 million, a price-to-earnings ratio of 29.68 and a beta of 1.05.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.52. The firm had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. Equities research analysts forecast that Chatham Lodging Trust will post $0.59 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.32 annualized dividend and a yield of 6.74%. Chatham Lodging Trust (REIT)’s dividend payout ratio is currently 200.00%.

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Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. FBR & Co reissued a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Friday, May 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Chatham Lodging Trust (REIT) has a consensus rating of “Hold” and a consensus target price of $19.75.

In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the completion of the sale, the director now directly owns 33,258 shares of the company’s stock, valued at approximately $677,465.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

About Chatham Lodging Trust (REIT)

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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