Y Intercept Hong Kong Ltd Has $396,000 Stake in Chatham Lodging Trust (NYSE:CLDT)

Y Intercept Hong Kong Ltd reduced its stake in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 70.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,532 shares of the real estate investment trust's stock after selling 110,174 shares during the period. Y Intercept Hong Kong Ltd owned 0.10% of Chatham Lodging Trust worth $396,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GSA Capital Partners LLP raised its position in shares of Chatham Lodging Trust by 30.8% in the 3rd quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust's stock worth $2,622,000 after acquiring an additional 72,420 shares in the last quarter. Quest Partners LLC raised its position in shares of Chatham Lodging Trust by 3,633.4% in the 2nd quarter. Quest Partners LLC now owns 72,055 shares of the real estate investment trust's stock worth $614,000 after acquiring an additional 70,125 shares in the last quarter. Long Pond Capital LP bought a new position in shares of Chatham Lodging Trust in the 2nd quarter worth about $5,617,000. Panagora Asset Management Inc. raised its position in shares of Chatham Lodging Trust by 44.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust's stock worth $2,127,000 after acquiring an additional 76,439 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Chatham Lodging Trust by 369.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,768 shares of the real estate investment trust's stock worth $629,000 after acquiring an additional 58,063 shares in the last quarter. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Stock Down 1.1 %

Shares of CLDT traded down $0.11 during trading hours on Tuesday, hitting $9.60. The stock had a trading volume of 230,863 shares, compared to its average volume of 374,808. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $8.85 and a 200-day simple moving average of $8.60. The firm has a market capitalization of $469.55 million, a P/E ratio of -41.74 and a beta of 1.82. Chatham Lodging Trust has a 1-year low of $7.60 and a 1-year high of $11.10.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.28 annualized dividend and a dividend yield of 2.92%. Chatham Lodging Trust's dividend payout ratio is presently -121.74%.

Wall Street Analyst Weigh In

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

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.