Susquehanna International Group LLP Has $1.75 Million Holdings in Chatham Lodging Trust (NYSE:CLDT)

Susquehanna International Group LLP reduced its holdings in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 40.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 195,054 shares of the real estate investment trust's stock after selling 131,338 shares during the quarter. Susquehanna International Group LLP owned approximately 0.40% of Chatham Lodging Trust worth $1,746,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Nomura Asset Management Co. Ltd. grew its position in shares of Chatham Lodging Trust by 2.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 63,600 shares of the real estate investment trust's stock worth $569,000 after acquiring an additional 1,700 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at approximately $25,000. ExodusPoint Capital Management LP boosted its position in shares of Chatham Lodging Trust by 5.2% during the fourth quarter. ExodusPoint Capital Management LP now owns 60,997 shares of the real estate investment trust's stock worth $546,000 after buying an additional 3,016 shares during the period. SG Americas Securities LLC increased its position in Chatham Lodging Trust by 15.1% in the 4th quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust's stock valued at $223,000 after acquiring an additional 3,264 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in 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 acquiring an additional 5,703 shares in the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Trading Up 0.1%

Shares of CLDT stock traded up $0.01 during trading hours on Thursday, reaching $7.21. 80,961 shares of the stock traded hands, compared to its average volume of 417,159. 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 firm has a market capitalization of $353.17 million, a PE ratio of -31.35 and a beta of 1.42. Chatham Lodging Trust has a 1-year low of $5.83 and a 1-year high of $10.00. The business has a fifty day moving average price of $7.06 and a 200 day moving average price of $8.21.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $68.64 million during the quarter, compared to analyst estimates of $67.99 million. Chatham Lodging Trust had a negative return on equity of 0.39% and a negative net margin of 0.99%. On average, equities research analysts forecast that Chatham Lodging Trust will post 1.07 EPS for the current year.

Chatham Lodging Trust announced that its Board of Directors has initiated a share repurchase plan 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 buy up to 7.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Chatham Lodging Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, March 31st. Chatham Lodging Trust's dividend payout ratio is currently 600.00%.

Analysts Set New Price Targets

Several equities analysts have commented on CLDT shares. Stifel Nicolaus lowered their target price on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Alliance Global Partners reaffirmed a "buy" rating on shares of Chatham Lodging Trust in a research note on Tuesday, May 6th. Finally, 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 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.