Chatham Lodging Trust (NYSE:CLDT) Shares Bought by Quarry LP

Quarry LP raised its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 303.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,515 shares of the real estate investment trust’s stock after purchasing an additional 4,149 shares during the period. Quarry LP’s holdings in Chatham Lodging Trust were worth $47,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Algert Global LLC grew its stake in Chatham Lodging Trust by 20.5% during the 2nd quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 3,876 shares during the last quarter. Long Pond Capital LP purchased a new stake in shares of Chatham Lodging Trust during the second quarter worth about $5,617,000. Millennium Management LLC grew its stake in shares of Chatham Lodging Trust by 1,241.7% during the second quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock worth $12,055,000 after acquiring an additional 1,309,396 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Chatham Lodging Trust by 64.8% during the second quarter. AQR Capital Management LLC now owns 113,106 shares of the real estate investment trust’s stock valued at $964,000 after acquiring an additional 44,476 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at approximately $638,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Analyst Ratings Changes

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

Chatham Lodging Trust Price Performance

NYSE CLDT opened at $8.57 on Friday. The company has a market cap of $419.14 million, a price-to-earnings ratio of -71.42 and a beta of 1.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day moving average price is $8.39 and its 200 day moving average price is $8.80. 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 earnings per share 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 quarter in the previous year, the company earned $0.43 earnings per share. As a group, equities research analysts forecast that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Chatham Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Monday, September 30th. Chatham Lodging Trust’s payout ratio is -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.