Jump Financial LLC Buys 40,955 Shares of Chatham Lodging Trust (REIT) $CLDT

Key Points

• Jump Financial LLC increased its stake in Chatham Lodging Trust by 127.9%, owning 72,978 shares worth $520,000 after purchasing an additional 40,955 shares in Q1.
• Chatham Lodging Trust recently announced a dividend increase to $0.09 per share, resulting in an annualized dividend of $0.36 and a yield of 4.7%.
• The stock has a current price of $7.63 with a market capitalization of approximately $373.72 million and a PE ratio of 254.33.

Jump Financial LLC lifted its stake in Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) by 127.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,978 shares of the real estate investment trust's stock after purchasing an additional 40,955 shares during the period. Jump Financial LLC owned 0.15% of Chatham Lodging Trust worth $520,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Chatham Lodging Trust in the fourth quarter worth approximately $56,000. GAMMA Investing LLC boosted its position in shares of Chatham Lodging Trust by 565.4% in 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. Quantinno Capital Management LP bought a new position in shares of Chatham Lodging Trust in the fourth quarter worth approximately $94,000. Diversified Trust Co bought a new position in shares of Chatham Lodging Trust in the first quarter worth approximately $106,000. Finally, ProShare Advisors LLC bought a new position in shares of Chatham Lodging Trust in the fourth quarter worth approximately $121,000. 88.37% of the stock is currently owned by institutional investors.

Chatham Lodging Trust Price Performance

Shares of CLDT traded down $0.01 during mid-day trading on Friday, reaching $7.52. The stock had a trading volume of 52,354 shares, compared to its average volume of 303,577. The firm has a market cap of $368.33 million, a price-to-earnings ratio of 251.00 and a beta of 1.39. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $10.00. The business has a fifty day moving average of $7.20 and a 200 day moving average of $7.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $79.67 million. Equities analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current year.

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.