Chatham Lodging Trust (NYSE:CLDT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 53.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 970,392 shares of the real estate investment trust's stock after purchasing an additional 337,842 shares during the period. JPMorgan Chase & Co. owned about 1.98% of Chatham Lodging Trust worth $8,685,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Chatham Lodging Trust in the fourth quarter valued at approximately $25,000. KLP Kapitalforvaltning AS acquired a new position in Chatham Lodging Trust in the 4th quarter valued at $68,000. Ballentine Partners LLC acquired a new position in Chatham Lodging Trust in the 4th quarter valued at $102,000. Pensionfund Sabic lifted its stake in shares of Chatham Lodging Trust by 66.7% during the 4th quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust's stock worth $134,000 after purchasing an additional 6,000 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Chatham Lodging Trust during the fourth quarter worth $155,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Trading Down 0.9 %

Chatham Lodging Trust stock traded down $0.06 during midday trading on Friday, reaching $6.82. The stock had a trading volume of 427,043 shares, compared to its average volume of 416,575. The stock's 50-day simple moving average is $7.51 and its 200 day simple moving average is $8.38. Chatham Lodging Trust has a twelve month low of $5.83 and a twelve month high of $10.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $333.91 million, a PE ratio of -29.64 and a beta of 1.49.

Chatham Lodging Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 yield of 1.17%. The ex-dividend date of this dividend was Monday, March 31st. Chatham Lodging Trust's dividend payout ratio (DPR) is presently -450.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com downgraded Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. 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.

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.