Nuveen LLC Acquires Shares of 197,225 Chatham Lodging Trust (REIT) $CLDT

Key Points

• Nuveen LLC invested approximately $1.41 million in Chatham Lodging Trust, acquiring 197,225 shares in the first quarter.
• The company announced a quarterly dividend increase from $0.02 to $0.09 per share, representing a yield of 4.7%.
• Chatham Lodging Trust's board authorized a $25 million stock buyback plan, indicative of the belief that shares are undervalued.

Nuveen LLC bought a new stake in Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 197,225 shares of the real estate investment trust's stock, valued at approximately $1,406,000. Nuveen LLC owned 0.40% of Chatham Lodging Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CLDT. Wells Fargo & Company MN boosted its stake in shares of Chatham Lodging Trust by 26.7% in the fourth quarter. Wells Fargo & Company MN now owns 28,269 shares of the real estate investment trust's stock valued at $253,000 after purchasing an additional 5,951 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Chatham Lodging Trust in the fourth quarter valued at $233,000. Hsbc Holdings PLC boosted its stake in shares of Chatham Lodging Trust by 65.0% in the fourth quarter. Hsbc Holdings PLC now owns 79,015 shares of the real estate investment trust's stock valued at $704,000 after purchasing an additional 31,133 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Chatham Lodging Trust by 8.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 95,330 shares of the real estate investment trust's stock valued at $854,000 after purchasing an additional 7,788 shares during the period. Finally, Tudor Investment Corp ET AL boosted its stake in shares of Chatham Lodging Trust by 79.6% in the fourth quarter. Tudor Investment Corp ET AL now owns 261,047 shares of the real estate investment trust's stock valued at $2,336,000 after purchasing an additional 115,683 shares during the period. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Chatham Lodging Trust Stock Down 1.6%

Shares of CLDT stock traded down $0.12 on Friday, hitting $7.41. The stock had a trading volume of 167,047 shares, compared to its average volume of 259,813. The firm has a market capitalization of $362.84 million, a price-to-earnings ratio of 246.93 and a beta of 1.39. The stock's 50 day moving average is $7.20 and its 200-day moving average is $7.22. 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 has a 52-week low of $5.83 and a 52-week high of $10.00.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last announced its 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. The business had revenue of $80.29 million during the quarter, compared to the consensus estimate 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, research analysts expect that Chatham Lodging Trust will post 1.07 earnings per share 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.