Zurcher Kantonalbank Zurich Cantonalbank Sells 1,393 Shares of Chatham Lodging Trust (NYSE:CLDT)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,718 shares of the real estate investment trust’s stock after selling 1,393 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chatham Lodging Trust were worth $49,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of Chatham Lodging Trust by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,705 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 1,702 shares during the last quarter. Algert Global LLC lifted its position in shares of Chatham Lodging Trust by 20.5% during the second quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 3,876 shares during the last quarter. Quarry LP increased its stake in shares of Chatham Lodging Trust by 303.7% during the second quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 4,149 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at $46,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at $63,000. 88.37% of the stock is currently owned by institutional investors.

Chatham Lodging Trust Stock Performance

Shares of Chatham Lodging Trust stock opened at $9.69 on Tuesday. The firm has a market cap of $473.69 million, a P/E ratio of -42.11 and a beta of 1.82. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32. The stock’s fifty day moving average price is $8.72 and its 200-day moving average price is $8.55.

Analyst Ratings Changes

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

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.