EntryPoint Capital LLC Takes $222,000 Position in Chatham Lodging Trust (NYSE:CLDT)

EntryPoint Capital LLC purchased a new position in shares of Chatham Lodging Trust (NYSE:CLDT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 24,836 shares of the real estate investment trust’s stock, valued at approximately $222,000. EntryPoint Capital LLC owned approximately 0.05% of Chatham Lodging Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of Chatham Lodging Trust in the fourth quarter valued at approximately $25,000. KLP Kapitalforvaltning AS acquired a new position in shares of Chatham Lodging Trust in the 4th quarter valued at $68,000. Ballentine Partners LLC purchased a new stake in Chatham Lodging Trust in the 4th quarter valued at $102,000. Pensionfund Sabic boosted its stake in Chatham Lodging Trust by 66.7% during the 4th quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 6,000 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Chatham Lodging Trust during the 4th quarter worth $155,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLDT has been the subject of a number of research reports. Alliance Global Partners began coverage on shares of Chatham Lodging Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price for the company. StockNews.com downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday.

Chatham Lodging Trust Stock Down 1.1 %

Shares of Chatham Lodging Trust stock opened at $7.22 on Friday. Chatham Lodging Trust has a one year low of $7.17 and a one year high of $10.16. The company has a market cap of $353.70 million, a P/E ratio of -31.39 and a beta of 1.82. 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 firm has a fifty day moving average of $8.22 and a two-hundred day moving average of $8.61.

Chatham Lodging Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, March 31st. This represents a $0.08 annualized dividend and a yield of 1.11%. Chatham Lodging Trust’s dividend payout ratio is currently -450.00%.

Chatham Lodging Trust 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.