Algert Global LLC Purchases 3,876 Shares of Chatham Lodging Trust (NYSE:CLDT)

Algert Global LLC boosted its position in shares of Chatham Lodging Trust (NYSE:CLDT) by 20.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,817 shares of the real estate investment trust’s stock after acquiring an additional 3,876 shares during the quarter. Algert Global LLC’s holdings in Chatham Lodging Trust were worth $194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Chatham Lodging Trust during the 2nd quarter valued at $46,000. Point72 DIFC Ltd bought a new stake in Chatham Lodging Trust during the 2nd quarter valued at $63,000. Allspring Global Investments Holdings LLC raised its holdings in Chatham Lodging Trust by 322.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 7,587 shares in the last quarter. Magnetar Financial LLC bought a new position in Chatham Lodging Trust in the 2nd quarter worth $96,000. Finally, Quadrature Capital Ltd bought a new position in Chatham Lodging Trust in the 4th quarter worth $125,000. 88.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Chatham Lodging Trust Price Performance

NYSE:CLDT opened at $8.29 on Friday. The firm’s 50-day moving average price is $8.35 and its 200-day moving average price is $8.75. The company has a market capitalization of $405.45 million, a PE ratio of -69.08 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. 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 released its earnings results 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 for the quarter, compared to analysts’ expectations of $85.48 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. On average, equities analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The firm 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio is presently -233.33%.

Chatham Lodging Trust Company 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.