Adage Capital Partners GP L.L.C. Grows Stake in Chatham Lodging Trust (REIT) $CLDT

Adage Capital Partners GP L.L.C. raised its holdings in Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) by 37.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 880,880 shares of the real estate investment trust's stock after acquiring an additional 239,793 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 1.80% of Chatham Lodging Trust worth $6,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CLDT. State of Wyoming bought a new position in Chatham Lodging Trust in the 1st quarter valued at $47,000. Lazard Asset Management LLC bought a new position in Chatham Lodging Trust in the 4th quarter valued at $56,000. GAMMA Investing LLC grew its position in Chatham Lodging Trust by 565.4% in the 1st quarter. GAMMA Investing LLC now owns 9,568 shares of the real estate investment trust's stock valued at $68,000 after acquiring an additional 8,130 shares during the last quarter. Quarry LP grew its position in Chatham Lodging Trust by 38.1% in the 1st quarter. Quarry LP now owns 10,341 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 2,854 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at approximately $94,000. Institutional investors own 88.37% of the company's stock.

Chatham Lodging Trust Trading Up 1.3%

Shares of Chatham Lodging Trust stock traded up $0.09 on Thursday, hitting $7.21. 104,350 shares of the company traded hands, compared to its average volume of 301,185. The stock's 50 day moving average price is $7.20 and its 200-day moving average price is $7.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. Chatham Lodging Trust has a 52 week low of $5.83 and a 52 week high of $10.00. The company has a market cap of $353.15 million, a PE ratio of 240.33 and a beta of 1.39.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Chatham Lodging Trust had a net margin of 3.04% and a return on equity of 1.19%. The firm had revenue of $80.29 million during the quarter, compared to the consensus estimate of $79.67 million. Equities research analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current year.

Chatham Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.0%. Chatham Lodging Trust's dividend payout ratio is presently 1,200.00%.

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.