Peapod Lane Capital LLC Buys Shares of 186,356 Chatham Lodging Trust (REIT) (NYSE:CLDT)

Peapod Lane Capital LLC purchased a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 186,356 shares of the real estate investment trust's stock, valued at approximately $1,329,000. Chatham Lodging Trust comprises 1.5% of Peapod Lane Capital LLC's holdings, making the stock its 27th biggest holding. Peapod Lane Capital LLC owned 0.38% of Chatham Lodging Trust as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Chatham Lodging Trust by 13.4% during the 1st quarter. Bank of New York Mellon Corp now owns 205,901 shares of the real estate investment trust's stock worth $1,468,000 after buying an additional 24,278 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings 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 buying an additional 19,679 shares during the period. Diversified Trust Co purchased a new position in shares of Chatham Lodging Trust in the first quarter worth approximately $106,000. GAMMA Investing LLC raised its holdings in shares of Chatham Lodging Trust by 565.4% during the first 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 period. Finally, PharVision Advisers LLC acquired a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at approximately $251,000. Institutional investors own 88.37% of the company's stock.

Analyst Upgrades and Downgrades

CLDT has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen lowered Chatham Lodging Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Chatham Lodging Trust in a report on Tuesday, May 6th.

Chatham Lodging Trust Stock Down 0.9%

Shares of CLDT traded down $0.07 during trading hours on Friday, reaching $7.33. The company's stock had a trading volume of 182,195 shares, compared to its average volume of 334,230. The company has a 50 day moving average of $7.13 and a two-hundred day moving average of $7.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The firm has a market cap of $359.02 million, a price-to-earnings ratio of 122.17 and a beta of 1.43. Chatham Lodging Trust has a 1-year low of $5.83 and a 1-year high of $10.00.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Chatham Lodging Trust had a net margin of 3.44% and a return on equity of 1.38%. The firm had revenue of $68.64 million for the quarter, compared to the consensus estimate of $67.99 million. As a group, research analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.09 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 4.91%. This is an increase from Chatham Lodging Trust's previous quarterly dividend of $0.02. Chatham Lodging Trust's payout ratio is 600.00%.

Chatham Lodging Trust announced that its board has authorized a share buyback 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 repurchase up to 7.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Chatham Lodging Trust Company 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.