Two Sigma Investments LP Has $3.83 Million Holdings in Chatham Lodging Trust (NYSE:CLDT)

Two Sigma Investments LP grew its holdings in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 39.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 428,322 shares of the real estate investment trust's stock after acquiring an additional 121,749 shares during the period. Two Sigma Investments LP owned about 0.88% of Chatham Lodging Trust worth $3,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Donald Smith & CO. Inc. grew its stake in Chatham Lodging Trust by 30.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,497,679 shares of the real estate investment trust's stock worth $40,254,000 after purchasing an additional 1,055,999 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Chatham Lodging Trust during the fourth quarter valued at approximately $5,738,000. JPMorgan Chase & Co. lifted its holdings in Chatham Lodging Trust by 53.4% during the 4th quarter. JPMorgan Chase & Co. now owns 970,392 shares of the real estate investment trust's stock worth $8,685,000 after buying an additional 337,842 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Chatham Lodging Trust during the 4th quarter worth approximately $1,273,000. Finally, Barclays PLC grew its position in shares of Chatham Lodging Trust by 76.1% in the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust's stock worth $2,404,000 after acquiring an additional 121,920 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company's stock.

Chatham Lodging Trust Stock Down 0.7%

Shares of CLDT traded down $0.05 during trading hours on Friday, reaching $7.13. The company's stock had a trading volume of 370,252 shares, compared to its average volume of 413,345. The company has a 50 day moving average of $6.93 and a two-hundred day moving average of $8.10. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a market cap of $349.26 million, a price-to-earnings ratio of -31.00 and a beta of 1.42. 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 posted its 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 firm had revenue of $68.64 million during the quarter, compared to analysts' expectations 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.12%. Chatham Lodging Trust's dividend payout ratio is 600.00%.

Chatham Lodging Trust announced that its Board of Directors has authorized a stock 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 often a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on CLDT. Wall Street Zen downgraded Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Alliance Global Partners reissued a "buy" rating on shares of Chatham Lodging Trust in a report on Tuesday, May 6th. Finally, Stifel Nicolaus reduced 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.

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.