Hsbc Holdings PLC Raises Stake in Chatham Lodging Trust (NYSE:CLDT)

Hsbc Holdings PLC increased its holdings in Chatham Lodging Trust (NYSE:CLDT) by 94.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,378 shares of the real estate investment trust’s stock after buying an additional 14,293 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Chatham Lodging Trust worth $246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Chatham Lodging Trust in the second quarter worth about $46,000. Allspring Global Investments Holdings LLC lifted its holdings in Chatham Lodging Trust by 322.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 7,587 shares during the period. Quadrature Capital Ltd purchased a new stake in Chatham Lodging Trust in the 4th quarter worth approximately $125,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Chatham Lodging Trust during the 1st quarter worth approximately $168,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Chatham Lodging Trust by 23.4% during the 1st quarter. BNP Paribas Financial Markets now owns 25,210 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 4,786 shares in the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Chatham Lodging Trust Stock Performance

NYSE CLDT opened at $8.57 on Friday. The stock has a market capitalization of $419.14 million, a price-to-earnings ratio of -71.42 and a beta of 1.79. The stock has a 50-day moving average of $8.39 and a 200 day moving average of $8.80. 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 twelve month low of $7.60 and a twelve month high of $11.32.

Chatham Lodging Trust (NYSE:CLDT) last announced 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 firm had revenue of $86.48 million during the quarter, compared to analyst estimates of $85.48 million. During the same period last year, the firm posted $0.43 earnings per share. Sell-side analysts anticipate that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.07 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.27%. Chatham Lodging Trust’s dividend payout ratio (DPR) 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.