Two Sigma Advisers LP Boosts Position in Chatham Lodging Trust (NYSE:CLDT)

Two Sigma Advisers LP raised its stake in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,153 shares of the real estate investment trust's stock after acquiring an additional 41,400 shares during the quarter. Two Sigma Advisers LP owned approximately 0.31% of Chatham Lodging Trust worth $1,353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Chatham Lodging Trust during the fourth quarter valued at about $25,000. Lazard Asset Management LLC purchased a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at about $56,000. Quarry LP boosted its holdings in shares of Chatham Lodging Trust by 23.5% in the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,423 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Chatham Lodging Trust in the 4th quarter valued at about $68,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Chatham Lodging Trust in the 4th quarter worth approximately $94,000. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CLDT shares. Alliance Global Partners reissued a "buy" rating on shares of Chatham Lodging Trust in a research report on Tuesday, May 6th. Wall Street Zen lowered Chatham Lodging Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Stifel Nicolaus lowered their price objective on Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating for the company in a research report on Wednesday, April 16th.

Chatham Lodging Trust Stock Performance

Shares of Chatham Lodging Trust stock traded down $0.10 during midday trading on Wednesday, hitting $7.07. The company had a trading volume of 229,201 shares, compared to its average volume of 411,827. The company has a fifty day simple moving average of $6.92 and a 200 day simple moving average of $8.06. The stock has a market cap of $346.32 million, a price-to-earnings ratio of -30.74 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 12-month low of $5.83 and a 12-month high of $10.00.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Chatham Lodging Trust had a negative net margin of 0.99% and a negative return on equity of 0.39%. The business had revenue of $68.64 million for the quarter, compared to analyst estimates of $67.99 million. As a group, analysts predict that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Chatham Lodging Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.09%. This is a boost from Chatham Lodging Trust's previous quarterly dividend of $0.02. Chatham Lodging Trust's payout ratio is currently 600.00%.

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.