Chatham Lodging Trust (REIT) (CLDT) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC trimmed its stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 20.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,733 shares of the real estate investment trust’s stock after selling 23,435 shares during the period. Citadel Advisors LLC owned 0.23% of Chatham Lodging Trust worth $1,977,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Chatham Lodging Trust by 8.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,927,364 shares of the real estate investment trust’s stock valued at $98,990,000 after purchasing an additional 376,788 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Chatham Lodging Trust by 0.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,325,682 shares of the real estate investment trust’s stock valued at $70,904,000 after purchasing an additional 17,912 shares in the last quarter. State Street Corp increased its stake in Chatham Lodging Trust by 28.5% during the 2nd quarter. State Street Corp now owns 1,133,956 shares of the real estate investment trust’s stock valued at $22,774,000 after purchasing an additional 251,188 shares in the last quarter. Boston Partners grew its stake in shares of Chatham Lodging Trust by 3.1% in the third quarter. Boston Partners now owns 1,124,547 shares of the real estate investment trust’s stock worth $23,975,000 after acquiring an additional 33,450 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Chatham Lodging Trust by 65.7% in the second quarter. Northern Trust Corp now owns 1,078,405 shares of the real estate investment trust’s stock worth $21,665,000 after acquiring an additional 427,418 shares during the period. 76.18% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, October 6th. Barclays boosted their target price on shares of Chatham Lodging Trust from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $19.50 target price on shares of Chatham Lodging Trust in a research report on Thursday, September 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $20.00 price target on shares of Chatham Lodging Trust in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Chatham Lodging Trust has an average rating of “Hold” and an average price target of $21.08.

Chatham Lodging Trust (CLDT) opened at $22.75 on Tuesday. Chatham Lodging Trust has a 1-year low of $18.66 and a 1-year high of $23.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $1,028.60, a price-to-earnings ratio of 10.12 and a beta of 1.05.

Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. Chatham Lodging Trust had a net margin of 9.03% and a return on equity of 3.90%. The firm had revenue of $81.40 million for the quarter, compared to the consensus estimate of $80.12 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. research analysts expect that Chatham Lodging Trust will post 2.16 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Wednesday, November 29th. Chatham Lodging Trust’s dividend payout ratio is presently 194.12%.

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Chatham Lodging Trust 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). The Company owned 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.

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

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