Forsta AP Fonden purchased a new position in Chatham Lodging Trust (NYSE:CLDT) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 18,900 shares of the real estate investment trust’s stock, valued at approximately $430,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of Chatham Lodging Trust during the 3rd quarter worth approximately $112,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Chatham Lodging Trust during the 2nd quarter worth approximately $167,000. Aperio Group LLC bought a new position in shares of Chatham Lodging Trust during the 4th quarter worth approximately $223,000. Eqis Capital Management Inc. bought a new position in shares of Chatham Lodging Trust during the 3rd quarter worth approximately $251,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Chatham Lodging Trust during the 2nd quarter worth approximately $239,000. 82.52% of the stock is owned by hedge funds and other institutional investors.
Chatham Lodging Trust (CLDT) opened at $21.13 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42. Chatham Lodging Trust has a 52 week low of $18.66 and a 52 week high of $23.91. The stock has a market cap of $958.72, a P/E ratio of 31.07 and a beta of 1.01.
CLDT has been the subject of several recent analyst reports. BidaskClub lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Barclays boosted their price objective on shares of Chatham Lodging Trust from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 1st. B. Riley reiterated a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of Chatham Lodging Trust from a “buy” rating to a “sell” rating in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.25.
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Chatham Lodging Trust 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). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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