Chatham Lodging Trust (NYSE:CLDT) Share Price Passes Below Fifty Day Moving Average of $8.94

Shares of Chatham Lodging Trust (NYSE:CLDT) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.94 and traded as low as $8.25. Chatham Lodging Trust shares last traded at $8.35, with a volume of 641,042 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price target on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th.

Chatham Lodging Trust Stock Down 0.2 %

The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $8.94 and a two-hundred day moving average of $9.90. The company has a market cap of $408.40 million, a price-to-earnings ratio of -69.58 and a beta of 1.76.

Chatham Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.35%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -233.33%.

Insider Buying and Selling at Chatham Lodging Trust

In other news, COO Dennis M. Craven purchased 12,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $7.88 per share, for a total transaction of $94,560.00. Following the completion of the transaction, the chief operating officer now owns 110,943 shares of the company’s stock, valued at $874,230.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.50% of the company’s stock.

Institutional Trading of Chatham Lodging Trust

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Chatham Lodging Trust by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,779,061 shares of the real estate investment trust’s stock worth $55,306,000 after purchasing an additional 21,758 shares during the last quarter. Donald Smith & CO. Inc. increased its position in shares of Chatham Lodging Trust by 18.0% during the first quarter. Donald Smith & CO. Inc. now owns 2,123,549 shares of the real estate investment trust’s stock valued at $21,469,000 after acquiring an additional 324,475 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Chatham Lodging Trust by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 776,939 shares of the real estate investment trust’s stock valued at $8,329,000 after acquiring an additional 56,937 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Chatham Lodging Trust by 15.1% in the 1st 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, GSA Capital Partners LLP boosted its position in shares of Chatham Lodging Trust by 105.7% during the 3rd quarter. GSA Capital Partners LLP now owns 145,560 shares of the real estate investment trust’s stock worth $1,393,000 after purchasing an additional 74,813 shares during the period. Hedge funds and other institutional investors own 88.37% of the company’s stock.

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.