Chatham Lodging Trust (NYSE:CLDT) Short Interest Update

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 631,800 shares, an increase of 25.9% from the March 15th total of 501,800 shares. Based on an average daily trading volume, of 360,600 shares, the short-interest ratio is presently 1.8 days. Currently, 1.4% of the company's shares are sold short.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of large investors have recently made changes to their positions in CLDT. Barclays PLC raised its stake in Chatham Lodging Trust by 76.1% in the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust's stock worth $2,404,000 after purchasing an additional 121,920 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Chatham Lodging Trust by 95.4% in the third quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust's stock valued at $5,389,000 after buying an additional 308,883 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Chatham Lodging Trust by 8.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,660 shares of the real estate investment trust's stock valued at $679,000 after buying an additional 5,703 shares during the period. Ballentine Partners LLC bought a new position in Chatham Lodging Trust during the 4th quarter worth $102,000. Finally, Geode Capital Management LLC lifted its position in shares of Chatham Lodging Trust by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust's stock valued at $10,953,000 after acquiring an additional 26,129 shares during the period. Institutional investors own 88.37% of the company's stock.

Chatham Lodging Trust Stock Performance

Shares of NYSE CLDT traded down $0.06 during midday trading on Friday, hitting $6.82. 427,043 shares of the company's stock were exchanged, compared to its average volume of 416,575. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $333.91 million, a PE ratio of -29.64 and a beta of 1.49. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $10.00. The company's 50 day moving average price is $7.51 and its 200 day moving average price is $8.38.

Chatham Lodging Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.02 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.17%. Chatham Lodging Trust's dividend payout ratio is currently -450.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CLDT. StockNews.com cut Chatham Lodging Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Stifel Nicolaus cut their price target on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a "buy" rating on the stock in a research note on Wednesday.

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.

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