Charles Schwab Investment Management Inc. Has $4.50 Million Stake in Chatham Lodging Trust (NYSE:CLDT)

Charles Schwab Investment Management Inc. decreased its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 16.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 502,206 shares of the real estate investment trust’s stock after selling 95,747 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.03% of Chatham Lodging Trust worth $4,495,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Ballentine Partners LLC bought a new position in Chatham Lodging Trust in the fourth quarter worth $102,000. Pensionfund Sabic lifted its holdings in shares of Chatham Lodging Trust by 66.7% during the 4th quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 6,000 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Chatham Lodging Trust by 15.1% during the 4th quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 3,264 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Chatham Lodging Trust during the 4th quarter valued at about $244,000. Finally, FMR LLC increased its stake in 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 valued at $363,000 after acquiring an additional 15,877 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday. Alliance Global Partners started coverage on Chatham Lodging Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $12.00 price objective for the company.

Chatham Lodging Trust Stock Performance

NYSE:CLDT opened at $7.37 on Wednesday. The stock has a market capitalization of $360.95 million, a P/E ratio of -32.04 and a beta of 1.82. 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 has a 1 year low of $7.26 and a 1 year high of $10.22. The firm has a 50 day moving average of $8.31 and a 200-day moving average of $8.63.

Chatham Lodging Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust’s payout ratio is presently -450.00%.

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.