Tudor Investment Corp ET AL Buys 115,683 Shares of Chatham Lodging Trust (NYSE:CLDT)

Tudor Investment Corp ET AL boosted its position in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 79.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,047 shares of the real estate investment trust's stock after purchasing an additional 115,683 shares during the quarter. Tudor Investment Corp ET AL owned about 0.53% of Chatham Lodging Trust worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Quarry LP grew its holdings in shares of Chatham Lodging Trust by 23.5% during the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 1,423 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake 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 valued at $569,000 after buying an additional 1,700 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Chatham Lodging Trust in the fourth quarter worth about $25,000. ExodusPoint Capital Management LP lifted its stake in shares of Chatham Lodging Trust by 5.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 60,997 shares of the real estate investment trust's stock valued at $546,000 after acquiring an additional 3,016 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Chatham Lodging Trust by 15.1% during 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. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Stock Down 0.5 %

Shares of NYSE:CLDT traded down $0.04 on Wednesday, hitting $6.99. 476,413 shares of the company traded hands, compared to its average volume of 418,298. The company has a market cap of $342.58 million, a PE ratio of -30.41 and a beta of 1.42. The stock has a 50 day simple moving average of $7.16 and a 200-day simple moving average of $8.24. 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.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $68.64 million during the quarter, compared to analysts' expectations of $67.99 million. As a group, research analysts expect that Chatham Lodging Trust will post 1.07 earnings per share for the current year.

Chatham Lodging Trust announced that its board has approved a stock repurchase program on Tuesday, May 6th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

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 paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, March 31st. Chatham Lodging Trust's dividend payout ratio is currently -450.00%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CLDT. Stifel Nicolaus decreased 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 research 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.

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.