Charles Schwab Investment Management Inc. Sells 95,747 Shares of Chatham Lodging Trust (NYSE:CLDT)

Charles Schwab Investment Management Inc. decreased its position in Chatham Lodging Trust (NYSE:CLDT) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 502,206 shares of the real estate investment trust’s stock after selling 95,747 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Chatham Lodging Trust were worth $4,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Chatham Lodging Trust by 95.4% during 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 during the period. Repertoire Partners LP acquired a new position in Chatham Lodging Trust in the third quarter valued at approximately $2,556,000. Bank of Montreal Can bought a new position in Chatham Lodging Trust in the third quarter valued at approximately $2,162,000. 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Chatham Lodging Trust by 369.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,768 shares of the real estate investment trust’s stock valued at $629,000 after acquiring an additional 58,063 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Trading Down 1.1 %

Shares of NYSE CLDT opened at $7.37 on Wednesday. Chatham Lodging Trust has a twelve month low of $7.26 and a twelve month high of $10.22. The stock has a market cap of $360.95 million, a price-to-earnings ratio of -32.04 and a beta of 1.82. 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’s fifty day moving average is $8.31 and its 200-day moving average is $8.63.

Chatham Lodging Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.09%. Chatham Lodging Trust’s payout ratio is -450.00%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com cut Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday. Alliance Global Partners assumed coverage on Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price target for the company.

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.