Quest Partners LLC Has $223,000 Holdings in Chatham Lodging Trust (NYSE:CLDT)

Quest Partners LLC decreased its stake in Chatham Lodging Trust (NYSE:CLDT) by 63.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,218 shares of the real estate investment trust’s stock after selling 45,837 shares during the quarter. Quest Partners LLC’s holdings in Chatham Lodging Trust were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLDT. GSA Capital Partners LLP raised its position in shares of Chatham Lodging Trust by 30.8% in the 3rd quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after acquiring an additional 72,420 shares during the period. Summit Global Investments acquired a new stake in Chatham Lodging Trust in the third quarter worth $238,000. Donald Smith & CO. Inc. grew its holdings in shares of Chatham Lodging Trust by 3.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,441,680 shares of the real estate investment trust’s stock valued at $29,323,000 after buying an additional 111,461 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Chatham Lodging Trust by 273.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,109 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 27,170 shares in the last quarter. Finally, Creative Planning acquired a new stake in Chatham Lodging Trust during the 3rd quarter worth $89,000. Institutional investors own 88.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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 Price Performance

NYSE CLDT opened at $9.24 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $451.94 million, a price-to-earnings ratio of -40.22 and a beta of 1.79. The business has a 50 day simple moving average of $8.59 and a 200 day simple moving average of $8.51. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.32.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.03%. Chatham Lodging Trust’s payout ratio is -121.74%.

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.