Chatham Lodging Trust (NYSE:CLDT) Stock Holdings Lessened by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in Chatham Lodging Trust (NYSE:CLDT) by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,115 shares of the real estate investment trust’s stock after selling 15,653 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Chatham Lodging Trust worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Chatham Lodging Trust in the third quarter valued at approximately $2,162,000. FMR LLC grew its stake in shares of Chatham Lodging Trust by 59.5% in the third quarter. FMR LLC now owns 42,567 shares of the real estate investment trust’s stock worth $363,000 after acquiring an additional 15,877 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Chatham Lodging Trust by 85.9% in the third 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 acquiring an additional 56,804 shares during the last quarter. Martingale Asset Management L P boosted its stake in Chatham Lodging Trust by 16.9% during the third quarter. Martingale Asset Management L P now owns 124,612 shares of the real estate investment trust’s stock worth $1,062,000 after buying an additional 18,015 shares in the last quarter. Finally, Repertoire Partners LP acquired a new stake in Chatham Lodging Trust during the third quarter worth $2,556,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Price Performance

Chatham Lodging Trust stock opened at $7.42 on Friday. The firm has a market capitalization of $363.15 million, a P/E ratio of -32.24 and a beta of 1.82. Chatham Lodging Trust has a 1 year low of $7.26 and a 1 year high of $10.27. The business has a 50-day moving average of $8.36 and a 200-day moving average of $8.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37.

Chatham Lodging Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given 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 payout ratio is currently -450.00%.

Wall Street Analysts Forecast Growth

CLDT has been the topic of a number of recent research reports. Alliance Global Partners started 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 target on the stock. StockNews.com raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

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.