Meeder Asset Management Inc. Acquires Shares of 5,401 Chatham Lodging Trust (NYSE:CLDT)

Meeder Asset Management Inc. acquired a new stake in Chatham Lodging Trust (NYSE:CLDT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,401 shares of the real estate investment trust’s stock, valued at approximately $46,000.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of Chatham Lodging Trust by 80.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,109 shares during the period. Quest Partners LLC acquired a new position in shares of Chatham Lodging Trust during the fourth quarter worth about $70,000. Allspring Global Investments Holdings LLC increased its stake in shares of Chatham Lodging Trust by 322.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 7,587 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Chatham Lodging Trust during the fourth quarter worth about $125,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Chatham Lodging Trust during the first quarter worth about $168,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Chatham Lodging Trust Trading Up 2.0 %

Shares of CLDT opened at $8.35 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average is $8.42 and its two-hundred day moving average is $8.94. Chatham Lodging Trust has a twelve month low of $7.60 and a twelve month high of $11.32. The firm has a market capitalization of $408.40 million, a P/E ratio of -69.58 and a beta of 1.79.

Chatham Lodging Trust (NYSE:CLDT) last issued its earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). The business had revenue of $86.48 million for the quarter, compared to the consensus estimate of $85.48 million. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, research analysts predict that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

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

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.