Goldman Sachs Group Inc. Sells 81,767 Shares of Chatham Lodging Trust (NYSE:CLDT)

Goldman Sachs Group Inc. lessened its holdings in Chatham Lodging Trust (NYSE:CLDT) by 4.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,825,089 shares of the real estate investment trust’s stock after selling 81,767 shares during the period. Goldman Sachs Group Inc. owned about 3.73% of Chatham Lodging Trust worth $19,565,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of Chatham Lodging Trust by 80.6% in the 4th quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,109 shares during the period. Quest Partners LLC bought a new stake in Chatham Lodging Trust during the 4th quarter worth approximately $70,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Chatham Lodging Trust by 83.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,537 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 7,070 shares during the period. Sequoia Financial Advisors LLC raised its stake in Chatham Lodging Trust by 55.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,130 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 7,162 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Chatham Lodging Trust during the 4th quarter worth approximately $262,000. Institutional investors own 88.37% of the company’s stock.

Insider Activity

In related news, COO Dennis M. Craven acquired 12,000 shares of Chatham Lodging Trust stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $7.88 per share, for a total transaction of $94,560.00. Following the completion of the transaction, the chief operating officer now directly owns 110,943 shares in the company, valued at approximately $874,230.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.50% of the company’s stock.

Chatham Lodging Trust Trading Down 0.9 %

Chatham Lodging Trust stock opened at $8.16 on Thursday. The stock has a market cap of $398.86 million, a P/E ratio of -67.96 and a beta of 1.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.25 and a quick ratio of 3.25. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.32. The firm’s 50 day moving average price is $8.78 and its 200-day moving average price is $9.83.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, June 28th. Chatham Lodging Trust’s payout ratio is currently -233.33%.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their target price on shares of Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th.

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.