SG Americas Securities LLC Acquires New Shares in Chatham Lodging Trust (NYSE:CLDT)

SG Americas Securities LLC bought a new position in shares of Chatham Lodging Trust (NYSE:CLDT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,678 shares of the real estate investment trust’s stock, valued at approximately $185,000.

Other institutional investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Chatham Lodging Trust during the second quarter worth $2,326,000. Point72 DIFC Ltd bought a new stake in Chatham Lodging Trust during the 2nd quarter worth $63,000. Quarry LP increased its holdings in Chatham Lodging Trust by 303.7% in the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 4,149 shares in the last quarter. Algert Global LLC raised its position in Chatham Lodging Trust by 20.5% in the second quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 3,876 shares during the last quarter. Finally, Long Pond Capital LP bought a new position in Chatham Lodging Trust in the second quarter valued at about $5,617,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th.

Chatham Lodging Trust Price Performance

CLDT stock opened at $8.19 on Thursday. The company has a market capitalization of $400.56 million, a P/E ratio of -68.25 and a beta of 1.79. The company has a fifty day moving average price of $8.43 and a 200-day moving average price of $8.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.05. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.32.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.26). The company had revenue of $86.48 million during the quarter, compared to analyst estimates of $85.48 million. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, equities analysts expect that Chatham Lodging Trust will post 1.07 EPS for the current year.

Chatham Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio is presently -233.33%.

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.