Connor Clark & Lunn Investment Management Ltd. Buys 58,063 Shares of Chatham Lodging Trust (NYSE:CLDT)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 369.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 73,768 shares of the real estate investment trust’s stock after purchasing an additional 58,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.15% of Chatham Lodging Trust worth $629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Chatham Lodging Trust by 1,241.7% during the 2nd quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock valued at $12,055,000 after acquiring an additional 1,309,396 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of Chatham Lodging Trust by 56.8% in the second quarter. Donald Smith & CO. Inc. now owns 3,330,219 shares of the real estate investment trust’s stock worth $28,373,000 after purchasing an additional 1,206,670 shares during the period. Long Pond Capital LP purchased a new stake in shares of Chatham Lodging Trust in the second quarter worth $5,617,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Chatham Lodging Trust during the 2nd quarter valued at $2,326,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Chatham Lodging Trust during the 2nd quarter valued at $946,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Wall Street Analyst Weigh In

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

Chatham Lodging Trust Trading Up 0.1 %

Shares of CLDT opened at $9.26 on Friday. The firm has a market cap of $452.91 million, a P/E ratio of -40.26 and a beta of 1.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.32. The company has a 50 day simple moving average of $8.62 and a two-hundred day simple moving average of $8.52.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.07 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.28 dividend on an annualized basis and a yield of 3.02%. Chatham Lodging Trust’s dividend payout ratio is currently -121.73%.

About Chatham Lodging Trust

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.