Thrivent Financial for Lutherans Buys New Holdings in Chatham Lodging Trust (NYSE:CLDT)

Thrivent Financial for Lutherans purchased a new position in Chatham Lodging Trust (NYSE:CLDT) in the fourth quarter, Holdings Channel reports. The fund purchased 142,219 shares of the real estate investment trust’s stock, valued at approximately $1,273,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new position in shares of Chatham Lodging Trust in the 4th quarter valued at about $102,000. Pensionfund Sabic boosted its holdings in Chatham Lodging Trust by 66.7% in the fourth quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 6,000 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in Chatham Lodging Trust in the fourth quarter valued at approximately $209,000. SG Americas Securities LLC raised its holdings in Chatham Lodging Trust by 15.1% during the fourth quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 3,264 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chatham Lodging Trust during the 4th quarter worth approximately $233,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Alliance Global Partners began coverage on shares of Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock. StockNews.com lowered Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

Chatham Lodging Trust Price Performance

CLDT stock opened at $7.14 on Tuesday. The business has a 50 day simple moving average of $8.19 and a 200-day simple moving average of $8.60. The company has a market capitalization of $349.49 million, a P/E ratio of -31.02 and a beta of 1.82. Chatham Lodging Trust has a twelve month low of $7.06 and a twelve month high of $10.16. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust’s payout ratio is currently -450.00%.

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.