State Street Corp Boosts Stock Holdings in Chatham Lodging Trust (NYSE:CLDT)

State Street Corp lifted its holdings in Chatham Lodging Trust (NYSE:CLDT) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,634,114 shares of the real estate investment trust’s stock after acquiring an additional 17,428 shares during the period. State Street Corp owned approximately 3.34% of Chatham Lodging Trust worth $14,036,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CLDT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Chatham Lodging Trust by 85.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust’s stock valued at $1,047,000 after buying an additional 56,804 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Chatham Lodging Trust by 30.8% during the 3rd quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after buying an additional 72,420 shares during the last quarter. FMR LLC boosted its position in Chatham Lodging Trust by 59.5% during the 3rd quarter. FMR LLC now owns 42,567 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 15,877 shares during the period. Quest Partners LLC lifted its position in Chatham Lodging Trust by 3,633.4% in the 2nd quarter. Quest Partners LLC now owns 72,055 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 70,125 shares during the last quarter. Finally, Long Pond Capital LP acquired a new stake in Chatham Lodging Trust in the 2nd quarter valued at approximately $5,617,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Trading Up 1.1 %

Chatham Lodging Trust stock opened at $9.25 on Wednesday. Chatham Lodging Trust has a 52 week low of $7.60 and a 52 week high of $11.10. The firm has a market capitalization of $452.43 million, a price-to-earnings ratio of -40.22 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day moving average price of $8.95 and a 200 day moving average price of $8.62.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio is currently -121.74%.

Analyst Ratings Changes

Separately, Alliance Global Partners assumed coverage on Chatham Lodging Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $12.00 price target for the company.

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.