Chatham Lodging Trust (NYSE:CLDT) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in Chatham Lodging Trust (NYSE:CLDT) by 7.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,759 shares of the real estate investment trust’s stock after selling 1,595 shares during the period. BNP Paribas Financial Markets’ holdings in Chatham Lodging Trust were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Algert Global LLC raised its stake in shares of Chatham Lodging Trust by 20.5% during the 2nd quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 3,876 shares during the last quarter. Quarry LP boosted its holdings in 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 valued at $47,000 after acquiring an additional 4,149 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Chatham Lodging Trust during the second quarter worth approximately $46,000. Point72 DIFC Ltd acquired a new stake in shares of Chatham Lodging Trust in the second quarter valued at about $63,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Chatham Lodging Trust by 322.6% during the 2nd 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. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Performance

Shares of CLDT stock opened at $9.60 on Wednesday. Chatham Lodging Trust has a 12-month low of $7.60 and a 12-month high of $11.10. The firm has a market capitalization of $469.55 million, a price-to-earnings ratio of -41.74 and a beta of 1.82. The business has a 50 day simple moving average of $8.85 and a 200 day simple moving average of $8.60. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.28 annualized dividend and a yield of 2.92%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -121.74%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on shares of Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock.

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.