Voya Investment Management LLC Acquires 40,360 Shares of Chatham Lodging Trust (REIT) $CLDT

Key Points

• Voya Investment Management LLC increased its stake in Chatham Lodging Trust by 50.3%, acquiring an additional 40,360 shares, bringing its total ownership to approximately 0.25% of the REIT valued at $860,000.
• Chatham Lodging Trust recently reported earnings surpassing expectations with $0.36 EPS, and announced a quarterly dividend of $0.09 per share, reflecting an annualized yield of 5.1%.
• Despite an increase in institutional ownership, shares of Chatham Lodging Trust have shown a slight decline of 0.8%, with current trading at $7.01 and a market capitalization of $343.35 million.

Voya Investment Management LLC boosted its stake in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT - Free Report) by 50.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,610 shares of the real estate investment trust's stock after buying an additional 40,360 shares during the quarter. Voya Investment Management LLC owned approximately 0.25% of Chatham Lodging Trust worth $860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strs Ohio acquired a new position in Chatham Lodging Trust during the 1st quarter worth about $61,000. Acadian Asset Management LLC acquired a new position in Chatham Lodging Trust during the 1st quarter worth about $62,000. Jane Street Group LLC lifted its holdings in Chatham Lodging Trust by 6.6% during the 1st quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust's stock worth $2,064,000 after buying an additional 18,030 shares during the period. Nissay Asset Management Corp Japan ADV acquired a new position in Chatham Lodging Trust during the 1st quarter worth about $74,000. Finally, AQR Capital Management LLC lifted its holdings in Chatham Lodging Trust by 35.8% during the 1st quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust's stock worth $702,000 after buying an additional 25,926 shares during the period. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Down 0.8%

Shares of CLDT opened at $7.01 on Thursday. The company has a market capitalization of $343.35 million, a PE ratio of 233.67 and a beta of 1.39. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $10.00. The stock's 50-day moving average price is $7.16 and its two-hundred day moving average price is $7.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27.

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 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $80.29 million for the quarter, compared to the consensus estimate of $79.67 million. Chatham Lodging Trust had a return on equity of 1.19% and a net margin of 3.04%. On average, analysts anticipate that Chatham Lodging Trust will post 1.07 EPS for the current year.

Chatham Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Chatham Lodging Trust's payout ratio is currently 1,200.00%.

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.

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