Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) by 369.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,768 shares of the real estate investment trust's stock after acquiring an additional 58,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of Chatham Lodging Trust worth $629,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in Chatham Lodging Trust during the second quarter worth about $46,000. Quarry LP lifted its holdings in shares of Chatham Lodging Trust by 303.7% in 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 during the period. Point72 DIFC Ltd purchased a new stake in shares of Chatham Lodging Trust in the second quarter valued at approximately $63,000. Allspring Global Investments Holdings LLC raised its position in Chatham Lodging Trust by 322.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 7,587 shares in the last quarter. Finally, Creative Planning acquired a new stake in Chatham Lodging Trust in the third quarter valued at $89,000. 88.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Chatham Lodging Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, August 14th.
Read Our Latest Report on CLDT
Chatham Lodging Trust Price Performance
Shares of NYSE CLDT traded down $0.05 on Friday, hitting $9.21. The company's stock had a trading volume of 287,961 shares, compared to its average volume of 378,746. Chatham Lodging Trust has a 12-month low of $7.60 and a 12-month high of $11.32. 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 stock has a 50 day moving average of $8.62 and a 200-day moving average of $8.53. The company has a market capitalization of $450.46 million, a price-to-earnings ratio of -40.35 and a beta of 1.79.
Chatham Lodging Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Monday, September 30th. Chatham Lodging Trust's payout ratio is currently -121.73%.
Chatham Lodging Trust Company Profile
(
Free Report)
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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