Charles Schwab Investment Management Inc. Reduces Stock Holdings in Chatham Lodging Trust (NYSE:CLDT)

Charles Schwab Investment Management Inc. reduced its stake in Chatham Lodging Trust (NYSE:CLDT) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 597,953 shares of the real estate investment trust’s stock after selling 102,918 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of Chatham Lodging Trust worth $5,095,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CLDT. GSA Capital Partners LLP grew its position in shares of Chatham Lodging Trust by 30.8% during the third quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock worth $2,622,000 after acquiring an additional 72,420 shares during the last quarter. Quest Partners LLC grew its position in shares of Chatham Lodging Trust by 3,633.4% during the second quarter. Quest Partners LLC now owns 72,055 shares of the real estate investment trust’s stock worth $614,000 after acquiring an additional 70,125 shares during the last quarter. Long Pond Capital LP purchased a new position in shares of Chatham Lodging Trust during the second quarter worth approximately $5,617,000. Panagora Asset Management Inc. grew its position in shares of Chatham Lodging Trust by 44.1% during the second quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock worth $2,127,000 after acquiring an additional 76,439 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Chatham Lodging Trust by 369.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,768 shares of the real estate investment trust’s stock worth $629,000 after acquiring an additional 58,063 shares during the last quarter. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners assumed coverage on shares of Chatham Lodging Trust in a research report on Wednesday. They set a “buy” rating and a $12.00 target price on the stock.

Chatham Lodging Trust Stock Performance

NYSE:CLDT opened at $9.75 on Friday. The firm’s fifty day moving average price is $8.81 and its 200 day moving average price is $8.58. Chatham Lodging Trust has a 1-year low of $7.60 and a 1-year high of $11.32. 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 firm has a market cap of $476.88 million, a price-to-earnings ratio of -42.39 and a beta of 1.82.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio is presently -121.74%.

Chatham Lodging Trust Company 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.