Asset Management One Co. Ltd. Acquires 5,703 Shares of Chatham Lodging Trust (NYSE:CLDT)

Asset Management One Co. Ltd. lifted its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,660 shares of the real estate investment trust’s stock after purchasing an additional 5,703 shares during the period. Asset Management One Co. Ltd. owned 0.15% of Chatham Lodging Trust worth $679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Chatham Lodging Trust by 95.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock worth $5,389,000 after buying an additional 308,883 shares during the period. Repertoire Partners LP acquired a new position in Chatham Lodging Trust during the 3rd quarter worth approximately $2,556,000. Bank of Montreal Can acquired a new position in Chatham Lodging Trust during the 3rd quarter worth approximately $2,162,000. Barclays PLC raised its stake in Chatham Lodging Trust by 76.1% during the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 121,920 shares during the period. Finally, Donald Smith & CO. Inc. raised its stake in Chatham Lodging Trust by 3.3% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,441,680 shares of the real estate investment trust’s stock worth $29,323,000 after buying an additional 111,461 shares during the period. Institutional investors own 88.37% of the company’s stock.

Analysts Set New Price Targets

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

Chatham Lodging Trust Stock Performance

Shares of Chatham Lodging Trust stock opened at $8.29 on Friday. The company has a market cap of $405.22 million, a PE ratio of -36.02 and a beta of 1.80. Chatham Lodging Trust has a 52 week low of $7.60 and a 52 week high of $10.68. The business has a 50 day moving average price of $8.83 and a 200-day moving average price of $8.67. 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 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 3.38%. The ex-dividend date of this dividend was Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -121.73%.

Chatham Lodging Trust 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.