Charles Schwab Investment Management Inc. cut its holdings in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 597,953 shares of the real estate investment trust's stock after selling 102,918 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.22% of Chatham Lodging Trust worth $5,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth about $46,000. Quarry LP grew its holdings in Chatham Lodging Trust by 303.7% in the second quarter. Quarry LP now owns 5,515 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 4,149 shares during the period. Point72 DIFC Ltd bought a new position in shares of Chatham Lodging Trust during the second quarter valued at approximately $63,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Chatham Lodging Trust by 322.6% during the second 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 during the last quarter. Finally, Creative Planning bought a new stake in shares of Chatham Lodging Trust in the 3rd quarter worth approximately $89,000. Institutional investors own 88.37% of the company's stock.
Analyst Ratings Changes
Separately, Alliance Global Partners started coverage on Chatham Lodging Trust in a research note on Wednesday. They set a "buy" rating and a $12.00 price objective for the company.
View Our Latest Analysis on Chatham Lodging Trust
Chatham Lodging Trust Price Performance
NYSE CLDT traded down $0.11 during trading hours on Friday, hitting $9.64. The company's stock had a trading volume of 86,357 shares, compared to its average volume of 375,667. The company's 50 day simple moving average is $8.81 and its two-hundred day simple moving average is $8.58. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, December 31st. Chatham Lodging Trust's payout ratio is currently -121.73%.
Chatham Lodging Trust Profile
(
Free Report)
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.
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