Short Interest in Chatham Lodging Trust (NYSE:CLDT) Declines By 16.5%

Chatham Lodging Trust (NYSE:CLDT) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 715,200 shares, a decline of 16.5% from the July 15th total of 856,400 shares. Based on an average daily trading volume, of 605,500 shares, the days-to-cover ratio is presently 1.2 days.

Chatham Lodging Trust Trading Up 0.5 %

NYSE CLDT traded up $0.04 during trading on Friday, hitting $8.10. The company had a trading volume of 301,127 shares, compared to its average volume of 386,238. The company’s fifty day moving average is $8.44 and its 200-day moving average is $9.24. The company has a market cap of $396.15 million, a price-to-earnings ratio of -67.50 and a beta of 1.80. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.49. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $11.32.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.26). Chatham Lodging Trust had a return on equity of 0.28% and a net margin of 0.73%. The company had revenue of $86.48 million during the quarter, compared to analysts’ expectations of $85.48 million. During the same quarter last year, the business earned $0.43 earnings per share. On average, sell-side analysts predict that Chatham Lodging Trust will post 1.08 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, June 28th. Chatham Lodging Trust’s dividend payout ratio (DPR) is -233.33%.

Insider Buying and Selling

In related news, COO Dennis M. Craven bought 12,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $7.88 per share, for a total transaction of $94,560.00. Following the acquisition, the chief operating officer now directly owns 110,943 shares of the company’s stock, valued at approximately $874,230.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chatham Lodging Trust

Several institutional investors and hedge funds have recently modified their holdings of CLDT. CANADA LIFE ASSURANCE Co increased its position in shares of Chatham Lodging Trust by 1.6% during the first 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 in the last quarter. Price T Rowe Associates Inc. MD lifted 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 valued at $624,000 after purchasing an additional 1,702 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Chatham Lodging Trust by 80.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 2,109 shares during the last quarter. Algert Global LLC increased its holdings in Chatham Lodging Trust by 20.5% in the 2nd quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 3,876 shares in the last quarter. Finally, Quarry LP raised its position in Chatham Lodging Trust by 303.7% in the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 4,149 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday.

About Chatham Lodging Trust

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.