Chatham Lodging Trust (NYSE:CLDT) Lowered to Sell at StockNews.com

StockNews.com cut shares of Chatham Lodging Trust (NYSE:CLDT) from a hold rating to a sell rating in a research note released on Tuesday morning.

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

Chatham Lodging Trust Price Performance

Shares of NYSE:CLDT opened at $8.53 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.25 and a current ratio of 3.25. The business’s fifty day moving average price is $8.70 and its two-hundred day moving average price is $9.76. The stock has a market cap of $417.20 million, a PE ratio of -71.08 and a beta of 1.80. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $11.32.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.28 annualized dividend and a yield of 3.28%. Chatham Lodging Trust’s payout ratio is currently -233.33%.

Insider Buying and Selling

In related news, COO Dennis M. Craven bought 12,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $7.88 per share, with a total value of $94,560.00. Following the completion of the transaction, the chief operating officer now owns 110,943 shares of the company’s stock, valued at $874,230.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chatham Lodging Trust

Several large investors have recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its position in Chatham Lodging Trust by 80.6% during the 4th quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,109 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at approximately $70,000. Quadrature Capital Ltd purchased a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Chatham Lodging Trust by 83.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,537 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 7,070 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Chatham Lodging Trust in the first quarter valued at $168,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

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.