Chatham Lodging Trust (NYSE:CLDT) Short Interest Up 25.9% in March

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 631,800 shares, an increase of 25.9% from the March 15th total of 501,800 shares. Based on an average daily volume of 360,600 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.4% of the company's shares are short sold.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Chatham Lodging Trust

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Chatham Lodging Trust during the fourth quarter worth approximately $25,000. Lazard Asset Management LLC acquired a new position in shares of Chatham Lodging Trust during the 4th quarter worth approximately $56,000. Quarry LP raised its stake in Chatham Lodging Trust by 23.5% in the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 1,423 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Chatham Lodging Trust during the 4th quarter valued at $68,000. Finally, GAMMA Investing LLC boosted its position in Chatham Lodging Trust by 565.4% during the first quarter. GAMMA Investing LLC now owns 9,568 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 8,130 shares during the period. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Stock Up 0.3 %

Shares of NYSE:CLDT traded up $0.02 during trading on Friday, hitting $7.03. 166,629 shares of the company's stock traded hands, compared to its average volume of 415,975. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The company has a market cap of $344.34 million, a price-to-earnings ratio of -30.56 and a beta of 1.49. The company has a 50-day moving average price of $7.35 and a 200-day moving average price of $8.33. Chatham Lodging Trust has a 52 week low of $5.83 and a 52 week high of $10.00.

Chatham Lodging Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, March 31st. Chatham Lodging Trust's payout ratio is -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.