Chatham Lodging Trust (NYSE:CLDT) Short Interest Update

Chatham Lodging Trust (NYSE:CLDT) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 353,000 shares, a decline of 6.6% from the December 15th total of 377,900 shares. Based on an average trading volume of 383,800 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners initiated coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price objective on the stock.

Institutional Investors Weigh In On Chatham Lodging Trust

Several hedge funds have recently made changes to their positions in CLDT. SG Americas Securities LLC increased its stake in Chatham Lodging Trust by 15.1% in the fourth quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 3,264 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Chatham Lodging Trust by 4.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 95,824 shares of the real estate investment trust’s stock valued at $816,000 after acquiring an additional 3,870 shares during the last quarter. Algert Global LLC increased its stake in shares of Chatham Lodging Trust by 20.5% during the 2nd quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 3,876 shares during the last quarter. Quarry LP lifted its holdings in shares of Chatham Lodging Trust by 303.7% during the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 4,149 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Chatham Lodging Trust by 9.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 61,900 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Trading Up 0.3 %

Shares of NYSE:CLDT traded up $0.02 during trading on Friday, reaching $8.81. The stock had a trading volume of 341,573 shares, compared to its average volume of 194,111. Chatham Lodging Trust has a fifty-two week low of $7.60 and a fifty-two week high of $11.10. The business has a fifty day moving average price of $9.14 and a 200-day moving average price of $8.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96.

Chatham Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.07 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.28 annualized dividend and a yield of 3.18%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -121.73%.

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.