Thrivent Financial for Lutherans Acquires Shares of 142,219 Chatham Lodging Trust (NYSE:CLDT)

Thrivent Financial for Lutherans bought a new position in shares of Chatham Lodging Trust (NYSE:CLDT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 142,219 shares of the real estate investment trust's stock, valued at approximately $1,273,000. Thrivent Financial for Lutherans owned approximately 0.29% of Chatham Lodging Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLDT. AlphaQuest LLC boosted its holdings in Chatham Lodging Trust by 127.1% during the fourth quarter. AlphaQuest LLC now owns 59,549 shares of the real estate investment trust's stock worth $533,000 after purchasing an additional 33,331 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in Chatham Lodging Trust during the 4th quarter worth about $209,000. Raymond James Financial Inc. acquired a new position in shares of Chatham Lodging Trust during the 4th quarter worth about $233,000. Proficio Capital Partners LLC bought a new position in shares of Chatham Lodging Trust in the 4th quarter valued at about $244,000. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Chatham Lodging Trust by 100.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 93,352 shares of the real estate investment trust's stock valued at $836,000 after acquiring an additional 46,820 shares during the last quarter. Institutional investors and hedge funds own 88.37% of the company's stock.

Chatham Lodging Trust Stock Performance

NYSE CLDT traded down $0.23 during trading on Friday, reaching $6.21. 553,963 shares of the company's stock were exchanged, compared to its average volume of 402,659. 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 fifty-two week low of $6.01 and a fifty-two week high of $10.16. The business has a 50 day moving average price of $8.03 and a 200-day moving average price of $8.56. The stock has a market capitalization of $304.18 million, a P/E ratio of -27.00 and a beta of 1.49.

Chatham Lodging Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust's payout ratio is -450.00%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CLDT shares. StockNews.com downgraded Chatham Lodging Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Alliance Global Partners assumed coverage on shares of Chatham Lodging Trust in a report on Wednesday, December 11th. They set a "buy" rating and a $12.00 target price on the stock.

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.