JPMorgan Chase & Co. Increases Holdings in Chatham Lodging Trust (NYSE:CLDT)

JPMorgan Chase & Co. boosted its position in shares of Chatham Lodging Trust (NYSE:CLDT) by 95.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 632,550 shares of the real estate investment trust’s stock after purchasing an additional 308,883 shares during the quarter. JPMorgan Chase & Co. owned about 1.29% of Chatham Lodging Trust worth $5,389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Chatham Lodging Trust by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust’s stock worth $10,953,000 after buying an additional 26,129 shares in the last quarter. Barclays PLC lifted its stake in Chatham Lodging Trust by 76.1% in the third quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after acquiring an additional 121,920 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Chatham Lodging Trust by 4.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 95,824 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 3,870 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Chatham Lodging Trust by 9.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 61,900 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 5,500 shares during the period. Finally, State Street Corp raised its holdings in shares of Chatham Lodging Trust by 1.1% in the 3rd quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust’s stock valued at $14,036,000 after purchasing an additional 17,428 shares in the last quarter. 88.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 price objective on the stock.

Chatham Lodging Trust Trading Down 1.2 %

CLDT opened at $8.78 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a market cap of $429.63 million, a price-to-earnings ratio of -38.19 and a beta of 1.81. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.10. The stock has a fifty day moving average price of $9.14 and a 200-day moving average price of $8.68.

Chatham Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.07 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a yield of 3.19%. Chatham Lodging Trust’s dividend payout ratio is presently -121.74%.

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.