Chatham Lodging Trust (NYSE:CLDT) Research Coverage Started at Alliance Global Partners

Alliance Global Partners started coverage on shares of Chatham Lodging Trust (NYSE:CLDT) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $12.00 target price on the real estate investment trust’s stock.

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 Trading Down 0.8 %

NYSE:CLDT opened at $9.67 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day simple moving average is $8.83 and its 200-day simple moving average is $8.59. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $11.32. The stock has a market capitalization of $472.96 million, a PE ratio of -42.04 and a beta of 1.82.

Chatham Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.90%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -121.73%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Chatham Lodging Trust in the 2nd quarter valued at approximately $46,000. Quarry LP lifted its position in shares of Chatham Lodging Trust by 303.7% in the second quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 4,149 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Chatham Lodging Trust during the second quarter worth $63,000. Allspring Global Investments Holdings LLC grew its position 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 purchasing an additional 7,587 shares in the last quarter. Finally, Creative Planning bought a new position in Chatham Lodging Trust in the third quarter valued at $89,000. 88.37% of the stock is currently owned by institutional investors.

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.