Bank of Montreal Can Makes New Investment in Chatham Lodging Trust (NYSE:CLDT)

Bank of Montreal Can purchased a new stake in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 250,520 shares of the real estate investment trust's stock, valued at approximately $2,162,000. Bank of Montreal Can owned approximately 0.51% of Chatham Lodging Trust at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Chatham Lodging Trust during the 2nd quarter valued at $46,000. Quarry LP grew its position in shares of Chatham Lodging Trust by 303.7% during the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 4,149 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Chatham Lodging Trust during the 2nd quarter valued at $63,000. Allspring Global Investments Holdings LLC grew its position in shares of Chatham Lodging Trust by 322.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 7,587 shares in the last quarter. Finally, Creative Planning purchased a new position in Chatham Lodging Trust in the third quarter worth $89,000. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Chatham Lodging Trust Price Performance

NYSE:CLDT traded down $0.04 during midday trading on Friday, hitting $9.60. The company had a trading volume of 533,378 shares, compared to its average volume of 378,747. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.32. The stock's fifty day moving average price is $8.68 and its 200-day moving average price is $8.54. The company has a market capitalization of $469.54 million, a PE ratio of -41.91 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Chatham Lodging Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, August 14th.

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.