250,520 Shares in Chatham Lodging Trust (NYSE:CLDT) Acquired by Bank of Montreal Can

Bank of Montreal Can acquired a new position in shares of Chatham Lodging Trust (NYSE:CLDT) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 250,520 shares of the real estate investment trust’s stock, valued at approximately $2,162,000. Bank of Montreal Can owned about 0.51% of Chatham Lodging Trust at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $624,000 after acquiring an additional 1,702 shares in the last quarter. Algert Global LLC grew its stake in Chatham Lodging Trust by 20.5% during the 2nd 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. Quarry LP lifted its holdings in shares of Chatham Lodging Trust by 303.7% during the second 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 during the period. Meeder Asset Management Inc. acquired a new position in Chatham Lodging Trust in the 2nd quarter worth approximately $46,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at $63,000. 88.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Chatham Lodging Trust Trading Down 0.8 %

Shares of Chatham Lodging Trust stock opened at $9.64 on Friday. The firm has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $8.54. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $11.32. The company has a market cap of $471.49 million, a P/E ratio of -41.91 and a beta of 1.82.

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.