Jacobs Levy Equity Management Inc. Has $2.70 Million Stake in Chatham Lodging Trust (NYSE:CLDT)

Jacobs Levy Equity Management Inc. grew its stake in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 301,328 shares of the real estate investment trust's stock after acquiring an additional 60,260 shares during the period. Jacobs Levy Equity Management Inc. owned 0.62% of Chatham Lodging Trust worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Donald Smith & CO. Inc. raised its position in shares of Chatham Lodging Trust by 30.7% during 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 acquiring an additional 1,055,999 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Chatham Lodging Trust during the 4th quarter worth about $5,738,000. JPMorgan Chase & Co. lifted its position 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 valued at $8,685,000 after purchasing an additional 337,842 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Chatham Lodging Trust in the 4th quarter valued at about $1,273,000. Finally, Barclays PLC grew 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 worth $2,404,000 after buying an additional 121,920 shares during the period. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating on the stock in a report on Wednesday, April 16th. StockNews.com lowered Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research 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 Trading Down 1.0%

Chatham Lodging Trust stock traded down $0.07 during midday trading on Monday, hitting $7.18. 197,706 shares of the stock were exchanged, compared to its average volume of 418,249. Chatham Lodging Trust has a 52 week low of $5.83 and a 52 week high of $10.00. 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 stock has a market capitalization of $351.71 million, a PE ratio of -31.22 and a beta of 1.42. The company has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $8.20.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping 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 company had revenue of $68.64 million for the quarter, compared to analysts' expectations of $67.99 million. Equities research analysts anticipate 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. Stockholders of record on Monday, March 31st were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, March 31st. Chatham Lodging Trust's dividend payout ratio is currently 600.00%.

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

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.