US Bancorp DE Sells 19,993 Shares of Chatham Lodging Trust (NYSE:CLDT)

US Bancorp DE cut its position in shares of Chatham Lodging Trust (NYSE:CLDT) by 65.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,558 shares of the real estate investment trust’s stock after selling 19,993 shares during the quarter. US Bancorp DE’s holdings in Chatham Lodging Trust were worth $90,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $46,000. Quarry LP lifted 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 acquiring an additional 4,149 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at about $63,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Chatham Lodging Trust by 322.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 7,587 shares during the last quarter. Finally, Creative Planning purchased a new stake in Chatham Lodging Trust during the 3rd quarter valued at about $89,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Down 1.6 %

NYSE CLDT opened at $8.86 on Friday. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.32. The stock has a market capitalization of $433.34 million, a PE ratio of -38.52 and a beta of 1.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day moving average is $8.50 and its 200 day moving average is $8.52.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently -121.73%.

Analyst Upgrades and Downgrades

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

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.