Proficio Capital Partners LLC Invests $244,000 in Chatham Lodging Trust (NYSE:CLDT)

Proficio Capital Partners LLC bought a new position in Chatham Lodging Trust (NYSE:CLDT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,208 shares of the real estate investment trust’s stock, valued at approximately $244,000. Proficio Capital Partners LLC owned approximately 0.06% of Chatham Lodging Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CLDT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $1,047,000 after purchasing an additional 56,804 shares during the last quarter. GSA Capital Partners LLP raised its position in Chatham Lodging Trust by 30.8% in the 3rd quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock worth $2,622,000 after purchasing an additional 72,420 shares during the last quarter. Barclays PLC raised its position in Chatham Lodging Trust by 76.1% in the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after purchasing an additional 121,920 shares during the last quarter. JPMorgan Chase & Co. raised its position in Chatham Lodging Trust by 95.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock worth $5,389,000 after purchasing an additional 308,883 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Chatham Lodging Trust by 8.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,660 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 5,703 shares during the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Chatham Lodging Trust Stock Performance

CLDT stock opened at $7.87 on Wednesday. The company has a 50 day moving average price of $8.56 and a 200 day moving average price of $8.69. The stock has a market capitalization of $385.19 million, a PE ratio of -34.19 and a beta of 1.82. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $10.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96.

Chatham Lodging Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, March 31st. Chatham Lodging Trust’s payout ratio is -450.00%.

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.