Chatham Lodging Trust (NYSE:CLDT) Sees Significant Increase in Short Interest

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 501,800 shares, an increase of 22.4% from the February 28th total of 410,000 shares. Currently, 1.1% of the company's shares are short sold. Based on an average daily trading volume, of 323,300 shares, the days-to-cover ratio is presently 1.6 days.

Chatham Lodging Trust Trading Down 3.6 %

NYSE:CLDT traded down $0.23 on Friday, hitting $6.21. 553,963 shares of the stock were exchanged, compared to its average volume of 402,659. The stock has a fifty day moving average of $8.03 and a 200-day moving average of $8.56. The stock has a market cap of $304.18 million, a PE ratio of -27.00 and a beta of 1.49. 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 fifty-two week low of $6.01 and a fifty-two week high of $10.16.

Chatham Lodging Trust Cuts Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, March 31st. Chatham Lodging Trust's dividend payout ratio (DPR) is presently -450.00%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CLDT. Alliance Global Partners started 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. StockNews.com downgraded shares of Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th.

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Institutional Investors Weigh In On Chatham Lodging Trust

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Chatham Lodging Trust by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,564 shares of the real estate investment trust's stock valued at $247,000 after acquiring an additional 1,216 shares during the period. Quarry LP raised its position in Chatham Lodging Trust by 23.5% in the fourth quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 1,423 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Chatham Lodging Trust by 2.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 63,600 shares of the real estate investment trust's stock worth $569,000 after purchasing an additional 1,700 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Chatham Lodging Trust by 7.2% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 34,608 shares of the real estate investment trust's stock worth $310,000 after purchasing an additional 2,338 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Chatham Lodging Trust in the fourth quarter worth about $25,000. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

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.