Bank of New York Mellon Corp Has $1.63 Million Stock Position in Chatham Lodging Trust (NYSE:CLDT)

Bank of New York Mellon Corp trimmed its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 29.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,623 shares of the real estate investment trust’s stock after selling 74,406 shares during the period. Bank of New York Mellon Corp owned approximately 0.37% of Chatham Lodging Trust worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CLDT. State Street Corp increased its position in 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 worth $14,036,000 after purchasing an additional 17,428 shares during the last quarter. Geode Capital Management LLC increased its position in Chatham Lodging Trust by 2.1% in 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 purchasing an additional 26,129 shares during the last quarter. JPMorgan Chase & Co. increased 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. Repertoire Partners LP acquired a new position in Chatham Lodging Trust in the 3rd quarter worth about $2,556,000. Finally, Barclays PLC increased 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. 88.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CLDT shares. StockNews.com raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Alliance Global Partners started coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock.

Chatham Lodging Trust Stock Performance

CLDT opened at $7.42 on Friday. The company has a market cap of $363.15 million, a PE ratio of -32.24 and a beta of 1.82. The stock has a 50-day moving average of $8.36 and a 200-day moving average of $8.64. Chatham Lodging Trust has a 52-week low of $7.26 and a 52-week high of $10.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96.

Chatham Lodging Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.08%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -450.00%.

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.