Quadrature Capital Ltd Acquires Shares of 11,649 Chatham Lodging Trust (NYSE:CLDT)

Quadrature Capital Ltd bought a new position in Chatham Lodging Trust (NYSE:CLDT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,649 shares of the real estate investment trust’s stock, valued at approximately $125,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC grew its position in shares of Chatham Lodging Trust by 6.8% during the 4th quarter. SG Americas Securities LLC now owns 28,577 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 1,825 shares during the period. Quadrant Capital Group LLC grew its holdings in Chatham Lodging Trust by 80.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,109 shares during the period. Belpointe Asset Management LLC increased its position in shares of Chatham Lodging Trust by 12.1% in the third quarter. Belpointe Asset Management LLC now owns 32,694 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 3,526 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Chatham Lodging Trust by 5.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 94,910 shares of the real estate investment trust’s stock worth $908,000 after buying an additional 5,282 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Chatham Lodging Trust by 10.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 56,700 shares of the real estate investment trust’s stock valued at $608,000 after buying an additional 5,500 shares in the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chatham Lodging Trust news, COO Dennis M. Craven purchased 12,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average cost of $7.88 per share, with a total value of $94,560.00. Following the completion of the purchase, the chief operating officer now owns 110,943 shares in the company, valued at approximately $874,230.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.50% of the stock is currently owned by corporate insiders.

Chatham Lodging Trust Price Performance

Shares of Chatham Lodging Trust stock opened at $8.52 on Friday. The stock has a market capitalization of $416.71 million, a P/E ratio of -71.00 and a beta of 1.76. The business has a 50 day simple moving average of $8.74 and a two-hundred day simple moving average of $9.81. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.28 dividend on an annualized basis and a yield of 3.29%. Chatham Lodging Trust’s payout ratio is currently -233.33%.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price target on shares of Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating for the company in a report 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.