Ameriprise Financial Inc. Has $1.48 Million Stake in Chatham Lodging Trust (NYSE:CLDT)

Ameriprise Financial Inc. increased its holdings in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 164,870 shares of the real estate investment trust's stock after acquiring an additional 46,445 shares during the quarter. Ameriprise Financial Inc. owned about 0.34% of Chatham Lodging Trust worth $1,480,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Algert Global LLC increased its holdings in shares of Chatham Lodging Trust by 171.3% during the fourth quarter. Algert Global LLC now owns 103,809 shares of the real estate investment trust's stock worth $929,000 after purchasing an additional 65,542 shares during the period. Northern Trust Corp grew its position in Chatham Lodging Trust by 8.0% during the fourth quarter. Northern Trust Corp now owns 506,353 shares of the real estate investment trust's stock worth $4,532,000 after buying an additional 37,574 shares in the last quarter. Landmark Investment Partners L.P. bought a new stake in shares of Chatham Lodging Trust during the 4th quarter valued at $806,000. Tudor Investment Corp ET AL grew its holdings in shares of Chatham Lodging Trust by 79.6% during the 4th 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 in the last quarter. Finally, Quarry LP increased its position in shares of Chatham Lodging Trust by 23.5% in the fourth quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 1,423 shares during the period. Institutional investors and hedge funds own 88.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CLDT shares. Wall Street Zen cut shares of Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Alliance Global Partners reiterated a "buy" rating on shares of Chatham Lodging Trust in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their price target 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.

Chatham Lodging Trust Trading Down 0.8%

Shares of NYSE:CLDT traded down $0.06 during midday trading on Wednesday, hitting $7.11. 12,885 shares of the stock were exchanged, compared to its average volume of 339,284. The business's 50-day moving average price is $6.92 and its 200 day moving average price is $8.06. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $10.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $348.28 million, a price-to-earnings ratio of -30.91 and a beta of 1.42.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $68.64 million for the quarter, compared to analyst estimates of $67.99 million. Chatham Lodging Trust had a negative net margin of 0.99% and a negative return on equity of 0.39%. Analysts predict that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Chatham Lodging Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.09 dividend. This is a boost from Chatham Lodging Trust's previous quarterly dividend of $0.02. This represents a $0.36 annualized dividend and a yield of 5.06%. Chatham Lodging Trust's dividend payout ratio is presently 600.00%.

Chatham Lodging Trust declared that its board has initiated a stock repurchase program on Tuesday, May 6th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 7.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

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.