Chatham Lodging Trust (NYSE:CLDT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 670,634 shares of the real estate investment trust’s stock after selling 23,984 shares during the period. Dimensional Fund Advisors LP owned 1.37% of Chatham Lodging Trust worth $5,714,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Donald Smith & CO. Inc. raised its position in shares of Chatham Lodging Trust by 18.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 2,123,549 shares of the real estate investment trust’s stock worth $21,469,000 after purchasing an additional 324,475 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Chatham Lodging Trust by 44.1% in the second quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock valued at $2,127,000 after acquiring an additional 76,439 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Chatham Lodging Trust by 3,633.4% in the second quarter. Quest Partners LLC now owns 72,055 shares of the real estate investment trust’s stock worth $614,000 after acquiring an additional 70,125 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Chatham Lodging Trust by 15.1% in the first quarter. Russell Investments Group Ltd. now owns 219,715 shares of the real estate investment trust’s stock worth $2,221,000 after acquiring an additional 28,884 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Chatham Lodging Trust during the first quarter worth approximately $168,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Down 0.8 %

Shares of NYSE CLDT opened at $8.35 on Wednesday. The stock has a market cap of $408.38 million, a PE ratio of -69.58 and a beta of 1.79. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. Chatham Lodging Trust has a 12-month low of $7.60 and a 12-month high of $11.32. The company has a 50-day moving average of $8.37 and a 200 day moving average of $8.75.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The firm had revenue of $86.48 million during the quarter, compared to analyst estimates of $85.48 million. During the same period in the previous year, the business earned $0.43 EPS. As a group, sell-side analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, September 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.35%. Chatham Lodging Trust’s dividend payout ratio is presently -233.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th.

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.