State Street Corp Buys 17,428 Shares of Chatham Lodging Trust (NYSE:CLDT)

State Street Corp boosted its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,634,114 shares of the real estate investment trust’s stock after purchasing an additional 17,428 shares during the quarter. State Street Corp’s holdings in Chatham Lodging Trust were worth $14,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Repertoire Partners LP acquired a new stake in shares of Chatham Lodging Trust in the third quarter worth $2,556,000. Martingale Asset Management L P grew its position in Chatham Lodging Trust by 16.9% in the 3rd quarter. Martingale Asset Management L P now owns 124,612 shares of the real estate investment trust’s stock worth $1,062,000 after purchasing an additional 18,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Chatham Lodging Trust by 85.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust’s stock worth $1,047,000 after purchasing an additional 56,804 shares during the period. FMR LLC raised its position in shares of Chatham Lodging Trust by 59.5% during the third quarter. FMR LLC now owns 42,567 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 15,877 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Chatham Lodging Trust in the third quarter valued at about $2,162,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Trading Up 1.1 %

Shares of Chatham Lodging Trust stock opened at $9.25 on Wednesday. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.10. The firm has a market capitalization of $452.43 million, a PE ratio of -40.22 and a beta of 1.82. 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 company’s fifty day moving average price is $8.95 and its two-hundred day moving average price is $8.62.

Chatham Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -121.74%.

Analyst Ratings Changes

Separately, Alliance Global Partners assumed coverage on Chatham Lodging Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $12.00 price target 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.