Chatham Lodging Trust (NYSE:CLDT) Stake Raised by Barclays PLC

Barclays PLC lifted its holdings in Chatham Lodging Trust (NYSE:CLDT) by 76.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 282,195 shares of the real estate investment trust’s stock after purchasing an additional 121,920 shares during the quarter. Barclays PLC’s holdings in Chatham Lodging Trust were worth $2,404,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLDT. Millennium Management LLC boosted its stake in Chatham Lodging Trust by 1,241.7% during the second quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock valued at $12,055,000 after buying an additional 1,309,396 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Chatham Lodging Trust by 56.8% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,330,219 shares of the real estate investment trust’s stock worth $28,373,000 after acquiring an additional 1,206,670 shares in the last quarter. Long Pond Capital LP acquired a new stake in Chatham Lodging Trust during the 2nd quarter worth about $5,617,000. Repertoire Partners LP purchased a new position in Chatham Lodging Trust during the 3rd quarter valued at about $2,556,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at about $2,326,000. Institutional investors own 88.37% of the company’s stock.

Analyst Ratings Changes

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

Chatham Lodging Trust Stock Performance

Shares of CLDT opened at $9.25 on Thursday. The firm has a market cap of $452.43 million, a price-to-earnings ratio of -40.22 and a beta of 1.82. The company’s fifty day moving average is $8.95 and its 200-day moving average is $8.62. 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 has a 12 month low of $7.60 and a 12 month high of $11.10.

Chatham Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.28 annualized dividend and a yield of 3.03%. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently -121.74%.

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.