Chatham Lodging Trust (NYSE:CLDT) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 76.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,195 shares of the real estate investment trust’s stock after acquiring an additional 121,920 shares during the period. Barclays PLC owned about 0.58% of Chatham Lodging Trust worth $2,404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Chatham Lodging Trust in the second quarter worth about $46,000. Quarry LP increased its holdings 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 acquired a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at approximately $63,000. Allspring Global Investments Holdings LLC raised its position in shares of Chatham Lodging Trust by 322.6% during 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 in the last quarter. Finally, Creative Planning bought a new position in Chatham Lodging Trust during the third quarter worth $89,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Performance

Shares of CLDT stock opened at $9.25 on Thursday. The company has a market cap of $452.43 million, a P/E ratio of -40.22 and a beta of 1.82. The business has a 50 day moving average of $8.95 and a two-hundred day moving average of $8.62. Chatham Lodging Trust has a 52 week low of $7.60 and a 52 week high of $11.10. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.

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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a yield of 3.03%. Chatham Lodging Trust’s dividend payout ratio is currently -121.74%.

Wall Street Analysts Forecast Growth

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

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.