Cubist Systematic Strategies LLC lifted its stake in Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) by 119.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,964 shares of the real estate investment trust's stock after purchasing an additional 144,641 shares during the quarter. Cubist Systematic Strategies LLC owned 0.54% of Chatham Lodging Trust worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Chatham Lodging Trust by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 56,119 shares of the real estate investment trust's stock worth $400,000 after purchasing an additional 19,679 shares in the last quarter. Northern Trust Corp lifted its position in shares of Chatham Lodging Trust by 8.0% in the fourth quarter. Northern Trust Corp now owns 506,353 shares of the real estate investment trust's stock worth $4,532,000 after purchasing an additional 37,574 shares in the last quarter. Bank of America Corp DE raised its position in Chatham Lodging Trust by 9.5% during the fourth quarter. Bank of America Corp DE now owns 682,486 shares of the real estate investment trust's stock valued at $6,108,000 after acquiring an additional 58,943 shares in the last quarter. Man Group plc bought a new position in Chatham Lodging Trust during the fourth quarter valued at approximately $682,000. Finally, Nuveen LLC bought a new position in Chatham Lodging Trust during the first quarter valued at approximately $1,406,000. 88.37% of the stock is owned by hedge funds and other institutional investors.
Chatham Lodging Trust Stock Down 1.9%
CLDT traded down $0.14 during midday trading on Friday, hitting $7.09. 177,762 shares of the company's stock traded hands, compared to its average volume of 254,180. The company has a market cap of $347.27 million, a PE ratio of 236.33 and a beta of 1.39. The stock's fifty day simple moving average is $7.20 and its 200-day simple moving average is $7.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 1.07. Chatham Lodging Trust has a one year low of $5.83 and a one year high of $10.00.
Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $80.29 million for the quarter, compared to analyst estimates of $79.67 million. Chatham Lodging Trust had a net margin of 3.04% and a return on equity of 1.19%. As a group, equities analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.
Chatham Lodging Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Chatham Lodging Trust's dividend payout ratio (DPR) is presently 1,200.00%.
Chatham Lodging Trust Company Profile
(
Free Report)
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.
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