GSA Capital Partners LLP Takes Position in Chatham Lodging Trust (REIT) (CLDT)

GSA Capital Partners LLP purchased a new stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,402 shares of the real estate investment trust’s stock, valued at approximately $510,000. GSA Capital Partners LLP owned about 0.06% of Chatham Lodging Trust (REIT) as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Chatham Lodging Trust (REIT) by 1.8% during the first quarter. Vanguard Group Inc. now owns 4,550,576 shares of the real estate investment trust’s stock worth $89,874,000 after acquiring an additional 81,111 shares during the last quarter. Boston Partners increased its stake in Chatham Lodging Trust (REIT) by 2.1% during the second quarter. Boston Partners now owns 1,091,097 shares of the real estate investment trust’s stock worth $21,920,000 after acquiring an additional 22,621 shares during the last quarter. State Street Corp increased its stake in Chatham Lodging Trust (REIT) by 14.0% during the first quarter. State Street Corp now owns 882,768 shares of the real estate investment trust’s stock worth $17,438,000 after acquiring an additional 108,411 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Chatham Lodging Trust (REIT) by 90.1% during the second quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock worth $12,270,000 after acquiring an additional 289,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Chatham Lodging Trust (REIT) by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 541,197 shares of the real estate investment trust’s stock worth $10,688,000 after acquiring an additional 73,619 shares during the last quarter. 83.10% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on CLDT shares. BidaskClub cut Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Stifel Nicolaus reissued a “hold” rating and set a $19.50 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Zacks Investment Research cut Chatham Lodging Trust (REIT) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Cantor Fitzgerald reissued a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. Finally, JMP Securities raised Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.92.

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Shares of Chatham Lodging Trust (NYSE CLDT) opened at 21.50 on Wednesday. The firm has a market cap of $842.11 million, a PE ratio of 32.58 and a beta of 1.07. Chatham Lodging Trust has a 1-year low of $16.45 and a 1-year high of $21.72. The firm’s 50-day moving average price is $20.75 and its 200 day moving average price is $20.08.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, November 24th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date is Monday, October 30th. Chatham Lodging Trust (REIT)’s dividend payout ratio is presently 200.00%.

In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the transaction, the director now owns 33,258 shares of the company’s stock, valued at

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Chatham Lodging Trust (REIT) by 1.8% during the first quarter. Vanguard Group Inc. now owns 4,550,576 shares of the real estate investment trust’s stock worth $89,874,000 after acquiring an additional 81,111 shares during the last quarter. Boston Partners increased its stake in Chatham Lodging Trust (REIT) by 2.1% during the second quarter. Boston Partners now owns 1,091,097 shares of the real estate investment trust’s stock worth $21,920,000 after acquiring an additional 22,621 shares during the last quarter. State Street Corp increased its stake in Chatham Lodging Trust (REIT) by 14.0% during the first quarter. State Street Corp now owns 882,768 shares of the real estate investment trust’s stock worth $17,438,000 after acquiring an additional 108,411 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Chatham Lodging Trust (REIT) by 90.1% during the second quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock worth $12,270,000 after acquiring an additional 289,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Chatham Lodging Trust (REIT) by 15.7% during the first quarter. Dimensional Fund Advisors LP now owns 541,197 shares of the real estate investment trust’s stock worth $10,688,000 after acquiring an additional 73,619 shares during the last quarter. 83.10% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on CLDT shares. BidaskClub cut Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Stifel Nicolaus reissued a “hold” rating and set a $19.50 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Zacks Investment Research cut Chatham Lodging Trust (REIT) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Cantor Fitzgerald reissued a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. Finally, JMP Securities raised Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.92.

WARNING: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/11/gsa-capital-partners-llp-takes-position-in-chatham-lodging-trust-reit-cldt.html.

Shares of Chatham Lodging Trust (NYSE CLDT) opened at 21.50 on Wednesday. The firm has a market cap of $842.11 million, a PE ratio of 32.58 and a beta of 1.07. Chatham Lodging Trust has a 1-year low of $16.45 and a 1-year high of $21.72. The firm’s 50-day moving average price is $20.75 and its 200 day moving average price is $20.08.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, November 24th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date is Monday, October 30th. Chatham Lodging Trust (REIT)’s dividend payout ratio is presently 200.00%.

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

About Chatham Lodging Trust (REIT)

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.

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

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