Arrowstreet Capital Limited Partnership Has $8.68 Million Stock Holdings in Chatham Lodging Trust (NYSE:CLDT)

Arrowstreet Capital Limited Partnership lowered its position in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 970,137 shares of the real estate investment trust's stock after selling 64,017 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.98% of Chatham Lodging Trust worth $8,683,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CLDT. Quantbot Technologies LP acquired a new position in shares of Chatham Lodging Trust in the 4th quarter valued at about $25,000. KLP Kapitalforvaltning AS bought a new stake in Chatham Lodging Trust in the fourth quarter worth approximately $68,000. Ballentine Partners LLC acquired a new position in Chatham Lodging Trust in the fourth quarter valued at approximately $102,000. Pensionfund Sabic boosted its holdings in shares of Chatham Lodging Trust by 66.7% during the 4th quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust's stock worth $134,000 after buying an additional 6,000 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Chatham Lodging Trust during the 4th quarter worth approximately $155,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Up 2.4 %

Shares of CLDT traded up $0.15 during trading hours on Friday, hitting $6.54. The stock had a trading volume of 475,277 shares, compared to its average volume of 412,152. Chatham Lodging Trust has a 1-year low of $5.83 and a 1-year high of $10.00. The firm has a market capitalization of $320.54 million, a P/E ratio of -28.45 and a beta of 1.49. The firm has a 50 day simple moving average of $7.70 and a 200-day simple moving average of $8.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96.

Chatham Lodging Trust Cuts Dividend

The company also recently disclosed 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 1.22%. Chatham Lodging Trust's dividend payout ratio (DPR) is presently -450.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

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.