Intech Investment Management LLC Takes Position in Chatham Lodging Trust (NYSE:CLDT)

Intech Investment Management LLC bought a new stake in Chatham Lodging Trust (NYSE:CLDT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,274 shares of the real estate investment trust’s stock, valued at approximately $155,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new stake in shares of Chatham Lodging Trust during the 4th quarter valued at $102,000. Pensionfund Sabic boosted its holdings in 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 valued at $134,000 after acquiring an additional 6,000 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Chatham Lodging Trust during the fourth quarter valued at about $209,000. SG Americas Securities LLC increased its stake in Chatham Lodging Trust by 15.1% during the fourth quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 3,264 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Chatham Lodging Trust in the 4th quarter worth about $233,000. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Chatham Lodging Trust Stock Down 1.3 %

Shares of NYSE CLDT opened at $7.30 on Friday. The stock has a fifty day moving average price of $8.25 and a 200 day moving average price of $8.61. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 12-month low of $7.24 and a 12-month high of $10.22. The company has a market cap of $357.27 million, a P/E ratio of -31.72 and a beta of 1.82.

Chatham Lodging Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.10%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -450.00%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CLDT. StockNews.com cut Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday. Alliance Global Partners initiated coverage on shares of Chatham Lodging Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $12.00 price objective for the company.

Chatham Lodging Trust Company 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.