Sumitomo Mitsui Trust Holdings Inc. Sells 3,928 Shares of Chatham Lodging Trust (NYSE:CLDT)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in Chatham Lodging Trust (NYSE:CLDTFree Report) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,208 shares of the real estate investment trust’s stock after selling 3,928 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Chatham Lodging Trust were worth $509,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Asset Management One Co. Ltd. raised its position in shares of Chatham Lodging Trust by 3.4% during the third quarter. Asset Management One Co. Ltd. now owns 82,380 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 2,716 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Chatham Lodging Trust during the third quarter worth $256,000. Osaic Holdings Inc. raised its position in shares of Chatham Lodging Trust by 13.7% during the second quarter. Osaic Holdings Inc. now owns 27,456 shares of the real estate investment trust’s stock worth $257,000 after acquiring an additional 3,318 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Chatham Lodging Trust by 22.5% during the second quarter. Alliancebernstein L.P. now owns 30,553 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 5,616 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Chatham Lodging Trust by 37.6% during the second quarter. Wells Fargo & Company MN now owns 23,781 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 6,493 shares during the last quarter. Institutional investors own 92.18% of the company’s stock.

Chatham Lodging Trust Stock Down 1.0 %

Shares of Chatham Lodging Trust stock opened at $10.77 on Wednesday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.48. Chatham Lodging Trust has a 12 month low of $8.92 and a 12 month high of $14.38. The business has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $9.89. The stock has a market cap of $526.22 million, a PE ratio of 269.32 and a beta of 1.78.

Chatham Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.28 dividend on an annualized basis and a yield of 2.60%. Chatham Lodging Trust’s payout ratio is 700.18%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th.

View Our Latest Stock Report on CLDT

Chatham Lodging Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chatham Lodging Trust (NYSE:CLDT)

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