Chatham Lodging Trust (NYSE:CLDT) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in Chatham Lodging Trust (NYSE:CLDT) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,900 shares of the real estate investment trust’s stock after buying an additional 5,500 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.13% of Chatham Lodging Trust worth $527,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Donald Smith & CO. Inc. increased its position in Chatham Lodging Trust by 3.3% in the third quarter. Donald Smith & CO. Inc. now owns 3,441,680 shares of the real estate investment trust’s stock worth $29,323,000 after buying an additional 111,461 shares during the period. State Street Corp grew its position in shares of Chatham Lodging Trust by 1.1% during the third quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust’s stock worth $14,036,000 after acquiring an additional 17,428 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Chatham Lodging Trust by 1,241.7% in the 2nd quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock worth $12,055,000 after acquiring an additional 1,309,396 shares during the period. Renaissance Technologies LLC lifted its position in Chatham Lodging Trust by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 957,275 shares of the real estate investment trust’s stock valued at $8,156,000 after purchasing an additional 9,200 shares during the last quarter. Finally, Long Pond Capital LP acquired a new position in Chatham Lodging Trust during the 2nd quarter valued at about $5,617,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Price Performance

Shares of CLDT opened at $9.67 on Monday. The firm has a market capitalization of $472.96 million, a price-to-earnings ratio of -42.04 and a beta of 1.82. The stock’s fifty day moving average is $8.83 and its 200-day moving average is $8.59. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $11.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.90%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -121.73%.

Analysts Set New Price Targets

Separately, Alliance Global Partners started coverage on shares of Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price target on the stock.

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.