UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 56,804 Shares of Chatham Lodging Trust (NYSE:CLDT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 85.9% during the third quarter, Holdings Channel reports. The institutional investor owned 122,919 shares of the real estate investment trust’s stock after buying an additional 56,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Chatham Lodging Trust were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Chatham Lodging Trust during the second quarter valued at about $46,000. Quarry LP grew its position 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 worth $47,000 after purchasing an additional 4,149 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Chatham Lodging Trust during the second quarter worth about $63,000. Allspring Global Investments Holdings LLC raised its stake 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 during the period. Finally, Creative Planning purchased a new position in Chatham Lodging Trust in the 3rd quarter worth approximately $89,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Stock Down 5.8 %

Shares of CLDT stock opened at $9.04 on Thursday. The company’s fifty day simple moving average is $8.88 and its two-hundred day simple moving average is $8.61. Chatham Lodging Trust has a 52 week low of $7.60 and a 52 week high of $11.10. The stock has a market cap of $442.16 million, a P/E ratio of -39.30 and a beta of 1.82. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.

Chatham Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Tuesday, December 31st. Chatham Lodging Trust’s payout ratio is presently -121.74%.

Analyst Ratings Changes

Separately, Alliance Global Partners started coverage on shares of Chatham Lodging Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $12.00 price objective for the company.

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.