Repertoire Partners LP Makes New $2.56 Million Investment in Chatham Lodging Trust (NYSE:CLDT)

Repertoire Partners LP acquired a new stake in Chatham Lodging Trust (NYSE:CLDT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 300,000 shares of the real estate investment trust's stock, valued at approximately $2,556,000. Chatham Lodging Trust makes up approximately 2.9% of Repertoire Partners LP's portfolio, making the stock its 7th largest holding. Repertoire Partners LP owned 0.61% of Chatham Lodging Trust at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CLDT. Price T Rowe Associates Inc. MD increased its holdings in shares of Chatham Lodging Trust by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,705 shares of the real estate investment trust's stock worth $624,000 after purchasing an additional 1,702 shares during the period. Algert Global LLC increased its holdings in shares of Chatham Lodging Trust by 20.5% during the second quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust's stock worth $194,000 after purchasing an additional 3,876 shares during the period. Quarry LP increased its holdings in shares of 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 purchasing an additional 4,149 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Chatham Lodging Trust during the second quarter worth approximately $46,000. Finally, Point72 DIFC Ltd bought a new position in shares of Chatham Lodging Trust during the second quarter worth approximately $63,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Chatham Lodging Trust Price Performance

NYSE:CLDT traded down $0.08 during mid-day trading on Thursday, reaching $9.64. The stock had a trading volume of 301,336 shares, compared to its average volume of 378,089. The stock has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $8.54. The stock has a market capitalization of $471.49 million, a PE ratio of -41.91 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32.

Chatham Lodging Trust 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.