Susquehanna International Group LLP Sells 131,338 Shares of Chatham Lodging Trust (NYSE:CLDT)

Susquehanna International Group LLP reduced its stake in Chatham Lodging Trust (NYSE:CLDT) by 40.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,054 shares of the real estate investment trust’s stock after selling 131,338 shares during the period. Susquehanna International Group LLP’s holdings in Chatham Lodging Trust were worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of 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. boosted its holdings in shares of Chatham Lodging Trust by 95.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock valued at $5,389,000 after purchasing an additional 308,883 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Chatham Lodging Trust by 8.2% in 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 purchasing an additional 5,703 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Chatham Lodging Trust during the 4th quarter worth $102,000. Finally, Proficio Capital Partners LLC acquired a new stake in Chatham Lodging Trust in the fourth quarter valued at about $244,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CLDT shares. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, May 6th. Stifel Nicolaus dropped 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 note on Wednesday, April 16th. Finally, StockNews.com lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Chatham Lodging Trust Price Performance

Shares of CLDT opened at $6.99 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. The stock has a market cap of $342.38 million, a PE ratio of -30.39 and a beta of 1.42. Chatham Lodging Trust has a 12-month low of $5.83 and a 12-month high of $10.00. The business has a 50-day simple moving average of $7.12 and a two-hundred day simple moving average of $8.23.

Chatham Lodging Trust (NYSE:CLDT) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $68.64 million for the quarter, compared to analyst estimates of $67.99 million. Chatham Lodging Trust had a negative net margin of 0.99% and a negative return on equity of 0.39%. Analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.14%. Chatham Lodging Trust’s payout ratio is 600.00%.

Chatham Lodging Trust declared that its Board of Directors has approved a stock buyback program 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 repurchase up to 7.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.