Landmark Investment Partners L.P. Invests $806,000 in Chatham Lodging Trust (NYSE:CLDT)

Landmark Investment Partners L.P. acquired a new stake in Chatham Lodging Trust (NYSE:CLDT - Free Report) in the 4th quarter, according to the company in its most recent 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 makes up 0.3% of Landmark Investment Partners L.P.'s portfolio, making the stock its 18th biggest holding. Landmark Investment Partners L.P. owned 0.18% of Chatham Lodging Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CLDT. Tudor Investment Corp ET AL raised its position in shares of Chatham Lodging Trust by 79.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 261,047 shares of the real estate investment trust's stock worth $2,336,000 after purchasing an additional 115,683 shares during the period. Quarry LP raised its holdings in Chatham Lodging Trust by 23.5% during the fourth quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock worth $67,000 after buying an additional 1,423 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Chatham Lodging Trust in the fourth quarter valued at $5,738,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Chatham Lodging Trust by 8.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 95,330 shares of the real estate investment trust's stock valued at $854,000 after buying an additional 7,788 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Chatham Lodging Trust by 65.0% during the fourth quarter. Hsbc Holdings PLC now owns 79,015 shares of the real estate investment trust's stock worth $704,000 after acquiring an additional 31,133 shares in the last quarter. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Stock Performance

Shares of CLDT traded up $0.07 on Friday, reaching $7.02. 413,173 shares of the company's stock traded hands, compared to its average volume of 417,050. The stock's 50 day simple moving average is $7.23 and its two-hundred day simple moving average is $8.28. The stock has a market cap of $343.85 million, a PE ratio of -30.52 and a beta of 1.42. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $10.00. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Monday, March 31st. Chatham Lodging Trust's dividend payout ratio (DPR) is currently -450.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on CLDT. Stifel Nicolaus lowered their price objective on Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating for the company in a research note on Wednesday, April 16th. StockNews.com cut Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th.

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.