Chatham Lodging Trust (NYSE:CLDT) Short Interest Down 13.4% in February

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 406,900 shares, a decrease of 13.4% from the January 31st total of 470,000 shares. Based on an average trading volume of 267,900 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On Chatham Lodging Trust

Several hedge funds have recently bought and sold shares of CLDT. PharVision Advisers LLC purchased a new position in shares of Chatham Lodging Trust in the fourth quarter valued at $251,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Chatham Lodging Trust by 17.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,134 shares of the real estate investment trust's stock valued at $1,290,000 after buying an additional 21,215 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Chatham Lodging Trust by 37.7% during the fourth quarter. Two Sigma Advisers LP now owns 151,153 shares of the real estate investment trust's stock valued at $1,353,000 after acquiring an additional 41,400 shares during the last quarter. Two Sigma Investments LP increased its position in Chatham Lodging Trust by 39.7% during the 4th quarter. Two Sigma Investments LP now owns 428,322 shares of the real estate investment trust's stock worth $3,833,000 after purchasing an additional 121,749 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Chatham Lodging Trust by 7.2% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 34,608 shares of the real estate investment trust's stock valued at $310,000 after purchasing an additional 2,338 shares during the last quarter. 88.37% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Chatham Lodging Trust Trading Down 1.1 %

NYSE:CLDT traded down $0.09 during trading hours on Monday, reaching $8.27. 450,460 shares of the stock were exchanged, compared to its average volume of 375,692. Chatham Lodging Trust has a twelve month low of $6.42 and a twelve month high of $10.46. The business has a 50-day moving average of $8.58 and a two-hundred day moving average of $8.69. The company has a market capitalization of $404.83 million, a price-to-earnings ratio of -35.94 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.

Chatham Lodging Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 0.97%. 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 Analysts Forecast Growth

Separately, Alliance Global Partners initiated 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.

About Chatham Lodging Trust

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.