Charles Schwab Investment Management Inc. Has $4.50 Million Stake in Chatham Lodging Trust (NYSE:CLDT)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing 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 quarter. Charles Schwab Investment Management Inc. owned approximately 1.03% of Chatham Lodging Trust worth $4,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLDT. State Street Corp increased its holdings in shares of Chatham Lodging Trust by 1.1% during the 3rd quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust's stock worth $14,036,000 after acquiring an additional 17,428 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Chatham Lodging Trust by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust's stock valued at $10,953,000 after purchasing an additional 26,129 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Chatham Lodging Trust by 95.4% in the third 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 bought a new position in shares of Chatham Lodging Trust in the third quarter valued at about $2,556,000. Finally, Barclays PLC lifted its stake 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 buying an additional 121,920 shares during the last quarter. Institutional investors own 88.37% of the company's stock.

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Chatham Lodging Trust Stock Performance

Shares of CLDT stock traded down $0.08 on Friday, hitting $7.22. The company's stock had a trading volume of 281,585 shares, compared to its average volume of 398,958. Chatham Lodging Trust has a fifty-two week low of $7.17 and a fifty-two week high of $10.16. The company has a market capitalization of $353.70 million, a PE ratio of -31.39 and a beta of 1.82. The stock's 50 day moving average is $8.22 and its 200-day moving average is $8.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96.

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 paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust's dividend payout ratio (DPR) is currently -450.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CLDT shares. StockNews.com lowered shares of 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 report on Wednesday, December 11th. They issued a "buy" rating and a $12.00 target price on the stock.

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.