Chatham Lodging Trust (REIT) (CLDT) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its position in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 33.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,222 shares of the real estate investment trust’s stock after buying an additional 8,034 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.08% of Chatham Lodging Trust worth $687,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of CLDT. Pinebridge Investments L.P. bought a new position in shares of Chatham Lodging Trust in the second quarter worth about $101,000. State of Alaska Department of Revenue bought a new position in shares of Chatham Lodging Trust in the second quarter valued at about $151,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Chatham Lodging Trust in the second quarter valued at about $167,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Chatham Lodging Trust in the second quarter valued at about $182,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in shares of Chatham Lodging Trust in the second quarter valued at about $217,000. Institutional investors and hedge funds own 76.18% of the company’s stock.
Chatham Lodging Trust (CLDT) opened at $22.63 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42. Chatham Lodging Trust has a one year low of $18.66 and a one year high of $23.27. The company has a market cap of $1,032.23, a PE ratio of 10.16 and a beta of 1.05.
Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.68 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $81.40 million for the quarter, compared to the consensus estimate of $80.12 million. During the same period in the prior year, the company posted $0.71 earnings per share. Chatham Lodging Trust’s revenue was up 2.1% compared to the same quarter last year. research analysts anticipate 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 paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.32 annualized dividend and a dividend yield of 5.83%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 194.12%.
CLDT has been the topic of several research analyst reports. BidaskClub lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Barclays increased their price objective 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. JMP Securities upgraded shares of Chatham Lodging Trust from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, October 6th. Finally, B. Riley restated a “neutral” rating on shares of Chatham Lodging Trust in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.08.
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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.
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