Chatham Lodging Trust (NYSE:CLDT) Short Interest Up 32.4% in January

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 470,000 shares, a growth of 32.4% from the January 15th total of 354,900 shares. Based on an average daily trading volume, of 287,100 shares, the short-interest ratio is currently 1.6 days.

Chatham Lodging Trust Trading Up 1.4 %

Shares of NYSE:CLDT traded up $0.12 during midday trading on Tuesday, reaching $8.55. The company's stock had a trading volume of 223,827 shares, compared to its average volume of 232,901. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $10.68. 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 firm has a 50 day moving average price of $8.91 and a two-hundred day moving average price of $8.68. The firm has a market capitalization of $417.94 million, a price-to-earnings ratio of -37.15 and a beta of 1.80.

Chatham Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.28%. Chatham Lodging Trust's payout ratio is presently -121.73%.

Analysts Set New Price Targets

Separately, Alliance Global Partners started coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They set a "buy" rating and a $12.00 price objective for the company.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of large investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of Chatham Lodging Trust in the 4th quarter valued at about $25,000. Lazard Asset Management LLC bought a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at approximately $56,000. Quarry LP raised its position in shares of Chatham Lodging Trust by 23.5% during the fourth quarter. Quarry LP now owns 7,487 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 1,423 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Chatham Lodging Trust in the 4th quarter worth $68,000. Finally, Creative Planning bought a new stake in Chatham Lodging Trust during the 3rd quarter valued at $89,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

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.