Parametric Portfolio Associates LLC increased its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 41.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,088 shares of the real estate investment trust’s stock after buying an additional 19,627 shares during the period. Parametric Portfolio Associates LLC owned 0.17% of Chatham Lodging Trust (REIT) worth $1,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. bought a new stake in shares of Chatham Lodging Trust (REIT) during the 2nd quarter worth $101,000. State of Alaska Department of Revenue bought a new stake in shares of Chatham Lodging Trust (REIT) during the 2nd quarter worth $151,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Chatham Lodging Trust (REIT) during the 2nd quarter worth $182,000. HighTower Advisors LLC bought a new stake in shares of Chatham Lodging Trust (REIT) during the 1st quarter worth $208,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Chatham Lodging Trust (REIT) during the 2nd quarter worth $217,000. 76.69% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on CLDT. B. Riley reissued a “neutral” rating on shares of Chatham Lodging Trust (REIT) in a report on Thursday, November 2nd. BidaskClub raised shares of Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Chatham Lodging Trust (REIT) from a “buy” rating to a “sell” rating in a report on Tuesday. Barclays PLC reissued a “hold” rating on shares of Chatham Lodging Trust (REIT) in a report on Sunday, November 5th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Chatham Lodging Trust (REIT) has a consensus rating of “Hold” and an average target price of $21.08.

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Chatham Lodging Trust (CLDT) opened at $22.72 on Wednesday. Chatham Lodging Trust has a one year low of $18.66 and a one year high of $23.27. The stock has a market cap of $1,035.40, a price-to-earnings ratio of 10.19 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.86.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Chatham Lodging Trust (REIT) had a net margin of 9.03% and a return on equity of 3.90%. The company had revenue of $81.40 million during the quarter, compared to analysts’ expectations of $80.12 million. During the same quarter in the prior year, the company posted $0.71 EPS. The business’s revenue was up 2.1% on a year-over-year basis. sell-side analysts forecast that Chatham Lodging Trust will post 2.16 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Wednesday, November 29th. Chatham Lodging Trust (REIT)’s dividend payout ratio is 194.12%.

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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