Chatham Lodging Trust (NYSE:CLDT) Shares Acquired by Barclays PLC

Barclays PLC raised its position in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 76.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 282,195 shares of the real estate investment trust's stock after acquiring an additional 121,920 shares during the period. Barclays PLC owned approximately 0.58% of Chatham Lodging Trust worth $2,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in Chatham Lodging Trust by 4.2% in the third quarter. Public Employees Retirement System of Ohio now owns 95,824 shares of the real estate investment trust's stock worth $816,000 after purchasing an additional 3,870 shares in the last quarter. Algert Global LLC grew its stake in Chatham Lodging Trust by 20.5% during the 2nd quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust's stock worth $194,000 after buying an additional 3,876 shares during the last quarter. Quarry LP increased its position in Chatham Lodging Trust by 303.7% during the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 4,149 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Chatham Lodging Trust in the second quarter worth about $46,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Chatham Lodging Trust by 9.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 61,900 shares of the real estate investment trust's stock worth $527,000 after acquiring an additional 5,500 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Alliance Global Partners assumed coverage on shares of Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a "buy" rating and a $12.00 target price for the company.

Chatham Lodging Trust Stock Performance

NYSE CLDT traded up $0.02 during trading hours on Thursday, reaching $9.27. The stock had a trading volume of 96,198 shares, compared to its average volume of 372,267. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $453.40 million, a P/E ratio of -40.30 and a beta of 1.82. The stock has a fifty day moving average of $8.96 and a 200 day moving average of $8.62.

Chatham Lodging Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a yield of 3.02%. Chatham Lodging Trust's dividend payout ratio is presently -121.74%.

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.