Rhumbline Advisers Buys 30,733 Shares of Chatham Lodging Trust (REIT) (CLDT)

Rhumbline Advisers raised its holdings in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 59.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,329 shares of the real estate investment trust’s stock after buying an additional 30,733 shares during the quarter. Rhumbline Advisers owned 0.21% of Chatham Lodging Trust (REIT) worth $1,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Chatham Lodging Trust (REIT) during the 1st quarter worth about $148,000. First Trust Advisors LP lifted its position in Chatham Lodging Trust (REIT) by 11.6% during the 1st quarter. First Trust Advisors LP now owns 137,616 shares of the real estate investment trust’s stock worth $2,718,000 after buying an additional 14,249 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Chatham Lodging Trust (REIT) by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 321,376 shares of the real estate investment trust’s stock worth $6,347,000 after buying an additional 10,821 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Chatham Lodging Trust (REIT) by 11.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 1,341 shares in the last quarter. Finally, Comerica Bank acquired a new position in Chatham Lodging Trust (REIT) during the 1st quarter worth about $359,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the completion of the sale, the director now owns 33,258 shares of the company’s stock, valued at $677,465.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

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A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research report on Tuesday. Cantor Fitzgerald restated a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 21st. Janney Montgomery Scott started coverage on shares of Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They issued a “neutral” rating and a $21.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Finally, JMP Securities upgraded shares of Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.30.

Chatham Lodging Trust (CLDT) opened at 21.18 on Tuesday. The company has a market capitalization of $829.58 million, a PE ratio of 32.09 and a beta of 1.05. The company has a 50 day moving average of $20.27 and a 200 day moving average of $19.88. Chatham Lodging Trust has a 1-year low of $16.45 and a 1-year high of $21.55.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.52). Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that Chatham Lodging Trust will post $0.59 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, October 27th. Shareholders of record on F

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Chatham Lodging Trust (REIT) during the 1st quarter worth about $148,000. First Trust Advisors LP lifted its position in Chatham Lodging Trust (REIT) by 11.6% during the 1st quarter. First Trust Advisors LP now owns 137,616 shares of the real estate investment trust’s stock worth $2,718,000 after buying an additional 14,249 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Chatham Lodging Trust (REIT) by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 321,376 shares of the real estate investment trust’s stock worth $6,347,000 after buying an additional 10,821 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Chatham Lodging Trust (REIT) by 11.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 1,341 shares in the last quarter. Finally, Comerica Bank acquired a new position in Chatham Lodging Trust (REIT) during the 1st quarter worth about $359,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the completion of the sale, the director now owns 33,258 shares of the company’s stock, valued at $677,465.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/09/26/chatham-lodging-trust-reit-cldt-shares-bought-by-rhumbline-advisers.html.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research report on Tuesday. Cantor Fitzgerald restated a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 21st. Janney Montgomery Scott started coverage on shares of Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They issued a “neutral” rating and a $21.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Finally, JMP Securities upgraded shares of Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.30.

Chatham Lodging Trust (CLDT) opened at 21.18 on Tuesday. The company has a market capitalization of $829.58 million, a PE ratio of 32.09 and a beta of 1.05. The company has a 50 day moving average of $20.27 and a 200 day moving average of $19.88. Chatham Lodging Trust has a 1-year low of $16.45 and a 1-year high of $21.55.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.52). Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that Chatham Lodging Trust will post $0.59 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend is Thursday, September 28th. Chatham Lodging Trust (REIT)’s dividend payout ratio is presently 200.00%.

Chatham Lodging Trust (REIT) Profile

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

Institutional Ownership by Quarter for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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