Chatham Lodging Trust (NYSE:CLDT) Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its position in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 79.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 261,047 shares of the real estate investment trust's stock after buying an additional 115,683 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.53% of Chatham Lodging Trust worth $2,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Chatham Lodging Trust during the fourth quarter worth about $25,000. Quarry LP grew its holdings in 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 buying an additional 1,423 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Chatham Lodging Trust during the 4th quarter valued at $68,000. Ballentine Partners LLC purchased a new position in Chatham Lodging Trust during the fourth quarter worth $102,000. Finally, Pensionfund Sabic raised its holdings in shares of Chatham Lodging Trust by 66.7% in the fourth quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust's stock worth $134,000 after acquiring an additional 6,000 shares during the last quarter. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CLDT shares. StockNews.com cut Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Stifel Nicolaus lowered their price objective on 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. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Chatham Lodging Trust in a research note on Tuesday.

Chatham Lodging Trust Trading Down 1.4 %

Shares of NYSE CLDT traded down $0.10 during trading on Friday, hitting $6.99. 69,242 shares of the company traded hands, compared to its average volume of 416,427. The firm has a market capitalization of $342.38 million, a P/E ratio of -30.39 and a beta of 1.42. 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 company has a 50-day moving average price of $7.14 and a 200-day moving average price of $8.24. Chatham Lodging Trust has a 1 year low of $5.83 and a 1 year high of $10.00.

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 EPS for the quarter, topping the consensus estimate 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 analysts predict that Chatham Lodging Trust will post 1.07 EPS for the current year.

Chatham Lodging Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, March 31st. Chatham Lodging Trust's dividend payout ratio (DPR) is presently 600.00%.

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

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.