Creative Planning Invests $89,000 in Chatham Lodging Trust (NYSE:CLDT)

Creative Planning purchased a new stake in Chatham Lodging Trust (NYSE:CLDT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,488 shares of the real estate investment trust’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its holdings in shares of Chatham Lodging Trust by 1.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 96,952 shares of the real estate investment trust’s stock worth $979,000 after buying an additional 1,483 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Chatham Lodging Trust by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 61,705 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 1,702 shares during the last quarter. Algert Global LLC lifted its holdings in shares of 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 worth $194,000 after acquiring an additional 3,876 shares during the last quarter. Quarry LP boosted its stake in shares of 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 valued at $47,000 after purchasing an additional 4,149 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Chatham Lodging Trust by 23.4% during the 1st quarter. BNP Paribas Financial Markets now owns 25,210 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 4,786 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th.

Chatham Lodging Trust Stock Down 0.2 %

Shares of NYSE CLDT opened at $9.21 on Wednesday. The company’s 50 day moving average price is $8.44 and its 200-day moving average price is $8.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.05 and a current ratio of 0.96. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.32. The company has a market capitalization of $450.46 million, a P/E ratio of -40.04 and a beta of 1.79.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.07 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.04%. Chatham Lodging Trust’s dividend payout ratio is currently -121.73%.

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.