Chatham Lodging Trust (NYSE:CLDT) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP increased its stake in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 39.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 428,322 shares of the real estate investment trust's stock after purchasing an additional 121,749 shares during the quarter. Two Sigma Investments LP owned 0.88% of Chatham Lodging Trust worth $3,833,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Chatham Lodging Trust by 76.1% during the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust's stock valued at $2,404,000 after purchasing an additional 121,920 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Chatham Lodging Trust by 8.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,660 shares of the real estate investment trust's stock valued at $679,000 after purchasing an additional 5,703 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Chatham Lodging Trust during the 4th quarter valued at approximately $244,000. Northern Trust Corp increased its position in shares of Chatham Lodging Trust by 8.0% during the 4th quarter. Northern Trust Corp now owns 506,353 shares of the real estate investment trust's stock valued at $4,532,000 after purchasing an additional 37,574 shares during the last quarter. Finally, Man Group plc bought a new position in shares of Chatham Lodging Trust during the 4th quarter valued at approximately $682,000. Institutional investors own 88.37% of the company's stock.

Chatham Lodging Trust Trading Down 0.2%

Chatham Lodging Trust stock traded down $0.02 during mid-day trading on Monday, hitting $7.12. The company's stock had a trading volume of 304,967 shares, compared to its average volume of 413,406. The company has a 50 day moving average of $6.92 and a 200-day moving average of $8.07. The stock has a market cap of $348.52 million, a PE ratio of -30.93 and a beta of 1.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. Chatham Lodging Trust has a one year low of $5.83 and a one 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 the consensus estimate of $0.13 by $0.01. Chatham Lodging Trust had a negative return on equity of 0.39% and a negative net margin of 0.99%. The company had revenue of $68.64 million for the quarter, compared to the consensus estimate of $67.99 million. On average, research analysts anticipate that Chatham Lodging Trust will post 1.07 EPS for the current year.

Chatham Lodging Trust announced that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 7.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have commented on CLDT. Wall Street Zen downgraded Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Alliance Global Partners reaffirmed a "buy" rating on shares of Chatham Lodging Trust in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus cut their price objective on Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating on the stock 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.