Donald Smith & CO. Inc. grew its position in Chatham Lodging Trust (NYSE:CLDT - Free Report) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,441,680 shares of the real estate investment trust's stock after acquiring an additional 111,461 shares during the quarter. Donald Smith & CO. Inc. owned 7.04% of Chatham Lodging Trust worth $29,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of CLDT. BNP Paribas Financial Markets increased its position in Chatham Lodging Trust by 23.4% in the first quarter. BNP Paribas Financial Markets now owns 25,210 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 4,786 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Chatham Lodging Trust by 15.1% during the 1st quarter. Russell Investments Group Ltd. now owns 219,715 shares of the real estate investment trust's stock valued at $2,221,000 after buying an additional 28,884 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Chatham Lodging Trust by 1.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 96,952 shares of the real estate investment trust's stock valued at $979,000 after acquiring an additional 1,483 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Chatham Lodging Trust by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,705 shares of the real estate investment trust's stock valued at $624,000 after acquiring an additional 1,702 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew 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. 88.37% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Chatham Lodging Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, August 14th.
Check Out Our Latest Analysis on CLDT
Chatham Lodging Trust Trading Up 0.5 %
Shares of CLDT stock traded up $0.04 during trading hours on Wednesday, reaching $8.29. 516,369 shares of the stock were exchanged, compared to its average volume of 368,338. The firm has a market capitalization of $405.45 million, a price-to-earnings ratio of -69.25 and a beta of 1.79. Chatham Lodging Trust has a 12-month low of $7.60 and a 12-month high of $11.32. The company's 50-day moving average price is $8.44 and its 200-day moving average price is $8.58. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39.
Chatham Lodging Trust (NYSE:CLDT - Get Free Report) last announced its earnings results on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.26). The business had revenue of $86.48 million during the quarter, compared to analyst estimates of $85.48 million. During the same period in the previous year, the business earned $0.43 EPS. As a group, equities analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current year.
Chatham Lodging Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.07 per share. The ex-dividend date was Monday, September 30th. This represents a $0.28 annualized dividend and a dividend yield of 3.38%. Chatham Lodging Trust's dividend payout ratio (DPR) is -233.33%.
Chatham Lodging Trust 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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