Chatham Lodging Trust (NYSE:CLDT) Downgraded by StockNews.com

StockNews.com downgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Separately, Barclays reduced their price target on shares of Chatham Lodging Trust from $13.00 to $12.00 and set an overweight rating for the company in a research report on Wednesday, April 17th.

Chatham Lodging Trust Stock Performance

Shares of CLDT opened at $8.40 on Tuesday. The company has a market capitalization of $410.83 million, a PE ratio of -70.00 and a beta of 1.80. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.32. The company has a 50-day simple moving average of $8.67 and a 200-day simple moving average of $9.74. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.49.

Chatham Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.07 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.33%. Chatham Lodging Trust’s dividend payout ratio is presently -233.33%.

Insider Buying and Selling at Chatham Lodging Trust

In other Chatham Lodging Trust news, COO Dennis M. Craven purchased 12,000 shares of Chatham Lodging Trust stock in a transaction on Monday, June 10th. The shares were bought at an average price of $7.88 per share, with a total value of $94,560.00. Following the completion of the acquisition, the chief operating officer now directly owns 110,943 shares of the company’s stock, valued at $874,230.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of institutional investors have recently made changes to their positions in CLDT. GSA Capital Partners LLP raised its stake in Chatham Lodging Trust by 105.7% in the 3rd quarter. GSA Capital Partners LLP now owns 145,560 shares of the real estate investment trust’s stock valued at $1,393,000 after purchasing an additional 74,813 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Chatham Lodging Trust by 12.1% during the third quarter. Belpointe Asset Management LLC now owns 32,694 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 3,526 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Chatham Lodging Trust by 0.4% in the third quarter. Vanguard Group Inc. now owns 5,779,061 shares of the real estate investment trust’s stock valued at $55,306,000 after buying an additional 21,758 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Chatham Lodging Trust by 5.9% during the third quarter. Public Employees Retirement System of Ohio now owns 94,910 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 5,282 shares during the period. Finally, SG Americas Securities LLC boosted its position in Chatham Lodging Trust by 6.8% during the fourth quarter. SG Americas Securities LLC now owns 28,577 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 1,825 shares during the last quarter. 88.37% of the stock is owned by institutional investors and hedge funds.

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.