Chatham Lodging Trust (NYSE:CLDT) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its holdings in Chatham Lodging Trust (NYSE:CLDT) by 127.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,549 shares of the real estate investment trust’s stock after buying an additional 33,331 shares during the period. AlphaQuest LLC owned 0.12% of Chatham Lodging Trust worth $533,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CLDT. JPMorgan Chase & Co. boosted its stake in Chatham Lodging Trust by 95.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock worth $5,389,000 after buying an additional 308,883 shares during the last quarter. Repertoire Partners LP acquired a new stake in Chatham Lodging Trust in the 3rd quarter worth about $2,556,000. Bank of Montreal Can acquired a new stake in Chatham Lodging Trust in the 3rd quarter worth about $2,162,000. Barclays PLC boosted its stake in Chatham Lodging Trust by 76.1% in the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 121,920 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Chatham Lodging Trust by 369.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,768 shares of the real estate investment trust’s stock worth $629,000 after buying an additional 58,063 shares during the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners assumed coverage on 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 Stock Performance

Chatham Lodging Trust stock opened at $7.79 on Thursday. The stock’s 50-day moving average is $8.54 and its 200-day moving average is $8.69. The company has a market cap of $381.47 million, a price-to-earnings ratio of -33.86 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $10.46.

Chatham Lodging Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.03%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -450.00%.

Chatham Lodging Trust 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.