Landmark Investment Partners L.P. Purchases New Holdings in Chatham Lodging Trust (NYSE:CLDT)

Landmark Investment Partners L.P. acquired a new position in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 90,000 shares of the real estate investment trust's stock, valued at approximately $806,000. Chatham Lodging Trust comprises 0.3% of Landmark Investment Partners L.P.'s investment portfolio, making the stock its 18th biggest holding. Landmark Investment Partners L.P. owned approximately 0.18% of Chatham Lodging Trust at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Donald Smith & CO. Inc. increased its holdings in shares of Chatham Lodging Trust by 30.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,497,679 shares of the real estate investment trust's stock valued at $40,254,000 after acquiring an additional 1,055,999 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Chatham Lodging Trust by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust's stock worth $10,953,000 after purchasing an additional 26,129 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Chatham Lodging Trust by 53.4% during the fourth quarter. JPMorgan Chase & Co. now owns 970,392 shares of the real estate investment trust's stock valued at $8,685,000 after purchasing an additional 337,842 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Chatham Lodging Trust during the 4th quarter worth approximately $5,738,000. Finally, Kennedy Capital Management LLC boosted its position in Chatham Lodging Trust by 11.4% during the 4th quarter. Kennedy Capital Management LLC now owns 522,959 shares of the real estate investment trust's stock valued at $4,680,000 after purchasing an additional 53,383 shares during the period. 88.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CLDT. Stifel Nicolaus reduced their price target on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating for the company in a report on Wednesday, April 16th. StockNews.com cut Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

Chatham Lodging Trust Price Performance

CLDT traded down $0.06 during trading on Wednesday, reaching $6.86. The stock had a trading volume of 243,172 shares, compared to its average volume of 415,414. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $336.02 million, a price-to-earnings ratio of -29.82 and a beta of 1.49. The stock has a 50 day moving average of $7.27 and a two-hundred day moving average of $8.30. Chatham Lodging Trust has a 1-year low of $5.83 and a 1-year high of $10.00.

Chatham Lodging Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Monday, March 31st. Chatham Lodging Trust's payout ratio is -450.00%.

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.