Russell Investments Group Ltd. Lowers Stock Holdings in Chatham Lodging Trust (NYSE:CLDT)

Russell Investments Group Ltd. cut its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 40.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 151,772 shares of the real estate investment trust’s stock after selling 101,262 shares during the quarter. Russell Investments Group Ltd.’s holdings in Chatham Lodging Trust were worth $1,358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CLDT. Barclays PLC grew its holdings in Chatham Lodging Trust by 76.1% during the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after acquiring an additional 121,920 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Chatham Lodging Trust by 95.4% in the third quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock worth $5,389,000 after purchasing an additional 308,883 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Chatham Lodging Trust by 8.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 75,660 shares of the real estate investment trust’s stock valued at $679,000 after buying an additional 5,703 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Chatham Lodging Trust in the 4th quarter worth approximately $102,000. Finally, Geode Capital Management LLC raised its stake in shares of Chatham Lodging Trust by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust’s stock worth $10,953,000 after acquiring an additional 26,129 shares in the last quarter. Institutional investors own 88.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Stifel Nicolaus decreased their price objective 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.

Chatham Lodging Trust Trading Down 0.9 %

Shares of NYSE:CLDT opened at $6.82 on Monday. 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 has a 52-week low of $5.83 and a 52-week high of $10.00. The stock has a market cap of $333.91 million, a price-to-earnings ratio of -29.64 and a beta of 1.49. The business has a 50-day moving average price of $7.51 and a 200-day moving average price of $8.38.

Chatham Lodging Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio is presently -450.00%.

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.