Y Intercept Hong Kong Ltd Sells 110,174 Shares of Chatham Lodging Trust (NYSE:CLDT)

Y Intercept Hong Kong Ltd reduced its holdings in Chatham Lodging Trust (NYSE:CLDT) by 70.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,532 shares of the real estate investment trust’s stock after selling 110,174 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Chatham Lodging Trust were worth $396,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp increased its holdings in shares of Chatham Lodging Trust by 1.1% during the 3rd quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust’s stock worth $14,036,000 after purchasing an additional 17,428 shares during the period. Repertoire Partners LP bought a new position in Chatham Lodging Trust during the third quarter valued at about $2,556,000. Martingale Asset Management L P raised its holdings in Chatham Lodging Trust by 16.9% in the 3rd quarter. Martingale Asset Management L P now owns 124,612 shares of the real estate investment trust’s stock valued at $1,062,000 after acquiring an additional 18,015 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Chatham Lodging Trust by 85.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust’s stock worth $1,047,000 after acquiring an additional 56,804 shares during the period. Finally, FMR LLC grew its holdings in shares of Chatham Lodging Trust by 59.5% during the 3rd quarter. FMR LLC now owns 42,567 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 15,877 shares in the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Chatham Lodging Trust Stock Up 0.4 %

Shares of CLDT opened at $9.71 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $8.85 and a two-hundred day moving average price of $8.60. The stock has a market cap of $474.93 million, a price-to-earnings ratio of -42.22 and a beta of 1.82. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.10.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio is -121.74%.

About Chatham Lodging Trust

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.