Kennedy Capital Management LLC Increases Stock Holdings in Chatham Lodging Trust (NYSE:CLDT)

Kennedy Capital Management LLC increased its holdings in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,959 shares of the real estate investment trust's stock after purchasing an additional 53,383 shares during the period. Kennedy Capital Management LLC owned 1.07% of Chatham Lodging Trust worth $4,680,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chatham Lodging Trust by 85.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust's stock valued at $1,047,000 after acquiring an additional 56,804 shares during the last quarter. Barclays PLC raised its position in Chatham Lodging Trust by 76.1% during the third quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust's stock valued at $2,404,000 after purchasing an additional 121,920 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Chatham Lodging Trust by 95.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust's stock valued at $5,389,000 after purchasing an additional 308,883 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Chatham Lodging Trust by 8.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,660 shares of the real estate investment trust's stock worth $679,000 after purchasing an additional 5,703 shares during the period. Finally, Geode Capital Management LLC increased 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 purchasing an additional 26,129 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors.

Chatham Lodging Trust Stock Down 0.9 %

Chatham Lodging Trust stock traded down $0.06 during midday trading on Friday, reaching $6.82. The company's stock had a trading volume of 427,043 shares, compared to its average volume of 416,469. 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 market capitalization of $333.91 million, a P/E ratio of -29.64 and a beta of 1.49. The stock's 50-day simple moving average is $7.54 and its 200-day simple moving average is $8.39. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $10.00.

Chatham Lodging Trust Cuts Dividend

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

Wall Street Analyst Weigh In

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

About Chatham Lodging Trust

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.