Russell Investments Group Ltd. Sells 101,262 Shares of Chatham Lodging Trust (NYSE:CLDT)

Russell Investments Group Ltd. lowered its position in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 40.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 151,772 shares of the real estate investment trust's stock after selling 101,262 shares during the period. Russell Investments Group Ltd. owned 0.31% of Chatham Lodging Trust worth $1,358,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Donald Smith & CO. Inc. boosted its position in shares of Chatham Lodging Trust by 30.7% during the 4th 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. JPMorgan Chase & Co. raised its stake 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 period. Thrivent Financial for Lutherans bought a new position in Chatham Lodging Trust in the fourth quarter worth approximately $1,273,000. Barclays PLC grew its stake in Chatham Lodging Trust by 76.1% in the third quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust's stock valued at $2,404,000 after acquiring an additional 121,920 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in Chatham Lodging Trust by 100.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 93,352 shares of the real estate investment trust's stock valued at $836,000 after acquiring an additional 46,820 shares during the period. 88.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of 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. StockNews.com cut shares of Chatham Lodging Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th.

Chatham Lodging Trust Stock Down 0.6 %

CLDT traded down $0.04 during mid-day trading on Friday, reaching $6.97. 29,256 shares of the stock were exchanged, compared to its average volume of 414,633. Chatham Lodging Trust has a 1 year low of $5.83 and a 1 year 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 $341.40 million, a PE ratio of -30.26 and a beta of 1.49. The company has a 50 day moving average price of $7.39 and a two-hundred day moving average price of $8.34.

Chatham Lodging Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 annualized dividend and a yield of 1.15%. Chatham Lodging Trust's dividend payout ratio (DPR) is -450.00%.

Chatham Lodging Trust Company 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.