Chatham Lodging Trust (REIT) (CLDT) Stake Increased by Teachers Advisors LLC

Teachers Advisors LLC increased its stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 336,920 shares of the real estate investment trust’s stock after buying an additional 16,588 shares during the period. Teachers Advisors LLC owned about 0.88% of Chatham Lodging Trust (REIT) worth $6,654,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Chatham Lodging Trust (REIT) during the first quarter valued at $148,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Chatham Lodging Trust (REIT) during the first quarter valued at $237,000. Martingale Asset Management L P acquired a new stake in shares of Chatham Lodging Trust (REIT) during the first quarter valued at $251,000. BNP Paribas Arbitrage SA boosted its stake in shares of 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 period. Finally, Comerica Bank acquired a new stake in shares of Chatham Lodging Trust (REIT) during the first quarter valued at $359,000. 81.19% of the stock is owned by institutional investors and hedge funds.

Shares of Chatham Lodging Trust (NYSE CLDT) opened at 19.75 on Friday. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $21.75. The company’s 50 day moving average is $20.26 and its 200 day moving average is $19.88. The company has a market capitalization of $773.57 million, a price-to-earnings ratio of 29.92 and a beta of 1.05.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend is Tuesday, August 29th. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 200.00%.

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Several analysts have weighed in 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 reiterated a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a research note on Friday, May 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Chatham Lodging Trust (REIT) has an average rating of “Hold” and an average price target of $19.75.

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

Chatham Lodging Trust (REIT) Company 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.

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

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