Chatham Lodging Trust (NYSE:CLDT) Sees Significant Decline in Short Interest

Chatham Lodging Trust (NYSE:CLDT) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 406,900 shares, a decrease of 13.4% from the January 31st total of 470,000 shares. Based on an average daily trading volume, of 267,900 shares, the days-to-cover ratio is presently 1.5 days.

Chatham Lodging Trust Stock Up 1.8 %

CLDT stock opened at $8.22 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $402.33 million, a price-to-earnings ratio of -35.72 and a beta of 1.80. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $10.46. The stock has a fifty day moving average of $8.63 and a 200-day moving average of $8.69.

Chatham Lodging Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 0.97%. Chatham Lodging Trust’s payout ratio is currently -350.00%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners initiated coverage on Chatham Lodging Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $12.00 price target for the company.

Hedge Funds Weigh In On Chatham Lodging Trust

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Chatham Lodging Trust during the 4th quarter valued at about $25,000. Lazard Asset Management LLC bought a new position in shares of Chatham Lodging Trust during the 4th quarter valued at about $56,000. Quarry LP increased its position in shares of Chatham Lodging Trust by 23.5% during the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,423 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Chatham Lodging Trust during the 4th quarter valued at about $68,000. Finally, Creative Planning bought a new position in shares of Chatham Lodging Trust during the 3rd quarter valued at about $89,000. 88.37% of the stock is currently owned by institutional investors.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.