Chatham Lodging Trust (NYSE:CLDT) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.43 and traded as low as $8.04. Chatham Lodging Trust shares last traded at $8.19, with a volume of 597,978 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Chatham Lodging Trust from a "sell" rating to a "hold" rating in a report on Wednesday, August 14th.

Chatham Lodging Trust Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.05. The firm's fifty day moving average is $8.43 and its two-hundred day moving average is $8.64. The company has a market cap of $405.69 million, a P/E ratio of -69.13 and a beta of 1.79.

Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last issued its earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.26). The company had revenue of $86.48 million for the quarter, compared to analysts' expectations of $85.48 million. During the same period last year, the company posted $0.43 EPS. As a group, analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.28 annualized dividend and a yield of 3.38%. Chatham Lodging Trust's dividend payout ratio is currently -233.33%.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new stake in Chatham Lodging Trust during the second quarter valued at approximately $46,000. Quarry LP raised its position in Chatham Lodging Trust by 303.7% during the second quarter. Quarry LP now owns 5,515 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 4,149 shares during the period. Point72 DIFC Ltd acquired a new stake in Chatham Lodging Trust during the 2nd quarter worth $63,000. Allspring Global Investments Holdings LLC grew its stake in Chatham Lodging Trust by 322.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 7,587 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of Chatham Lodging Trust in the third quarter valued at approximately $89,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

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.