SG Americas Securities LLC Raises Stake in Chatham Lodging Trust (NYSE:CLDT)

SG Americas Securities LLC lifted its position in Chatham Lodging Trust (NYSE:CLDT) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,942 shares of the real estate investment trust’s stock after purchasing an additional 3,264 shares during the period. SG Americas Securities LLC owned about 0.05% of Chatham Lodging Trust worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CLDT. 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 valued at $816,000 after buying an additional 3,870 shares in the last quarter. Algert Global LLC grew its stake in Chatham Lodging Trust by 20.5% during the second quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 3,876 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Chatham Lodging Trust by 9.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 61,900 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 5,500 shares in the last quarter. Pensionfund Sabic increased its holdings in Chatham Lodging Trust by 66.7% in the 4th quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Creative Planning purchased a new stake in Chatham Lodging Trust in the 3rd quarter worth $89,000. 88.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Chatham Lodging Trust Stock Down 0.3 %

NYSE CLDT opened at $8.83 on Friday. The stock has a 50 day moving average price of $9.05 and a 200-day moving average price of $8.69. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $10.81. 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 market capitalization of $431.63 million, a P/E ratio of -38.37 and a beta of 1.80.

Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.30). Chatham Lodging Trust had a negative return on equity of 0.39% and a negative net margin of 0.99%. The business had revenue of $87.18 million during the quarter, compared to the consensus estimate of $87.63 million. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, equities analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Tuesday, December 31st. Chatham Lodging Trust’s payout ratio is -121.73%.

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.