Point72 Asia Singapore Pte. Ltd. Makes New $638,000 Investment in Chatham Lodging Trust (NYSE:CLDT)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Chatham Lodging Trust (NYSE:CLDT) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 74,901 shares of the real estate investment trust’s stock, valued at approximately $638,000.

Several other institutional investors have also modified their holdings of the business. CANADA LIFE ASSURANCE Co lifted its stake in shares of Chatham Lodging Trust by 1.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 96,952 shares of the real estate investment trust’s stock worth $979,000 after acquiring an additional 1,483 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Chatham Lodging Trust by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,705 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 1,702 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Chatham Lodging Trust by 23.4% in the 1st quarter. BNP Paribas Financial Markets now owns 25,210 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 4,786 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Chatham Lodging Trust in the 2nd quarter worth approximately $46,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Chatham Lodging Trust by 10.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 56,700 shares of the real estate investment trust’s stock worth $608,000 after buying an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Performance

Shares of NYSE CLDT opened at $8.74 on Thursday. The stock has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $8.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $427.47 million, a P/E ratio of -72.83 and a beta of 1.79. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.32.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.10 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 the consensus estimate of $85.48 million. During the same period in the previous year, the business earned $0.43 EPS. Research analysts forecast 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 paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -233.33%.

Analyst Upgrades and Downgrades

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

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.