Chatham Lodging Trust (CLDT) Position Lowered by Citigroup Inc.

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Citigroup Inc. trimmed its stake in Chatham Lodging Trust (NYSE:CLDT) by 43.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,531 shares of the real estate investment trust’s stock after selling 26,821 shares during the period. Citigroup Inc.’s holdings in Chatham Lodging Trust were worth $681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of Chatham Lodging Trust by 2.1% in the 1st quarter. BlackRock Inc. now owns 7,293,221 shares of the real estate investment trust’s stock valued at $139,665,000 after buying an additional 152,589 shares during the last quarter. Northern Trust Corp grew its position in shares of Chatham Lodging Trust by 3.3% in the 1st quarter. Northern Trust Corp now owns 1,224,240 shares of the real estate investment trust’s stock valued at $23,444,000 after buying an additional 39,460 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Chatham Lodging Trust by 77.6% in the 4th quarter. Renaissance Technologies LLC now owns 957,800 shares of the real estate investment trust’s stock valued at $21,800,000 after buying an additional 418,400 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Chatham Lodging Trust by 16.3% in the 4th quarter. Bank of New York Mellon Corp now owns 705,509 shares of the real estate investment trust’s stock valued at $16,058,000 after buying an additional 98,631 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Chatham Lodging Trust by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 653,333 shares of the real estate investment trust’s stock valued at $12,511,000 after buying an additional 24,735 shares during the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Chatham Lodging Trust in a research report on Tuesday, February 27th. Barclays lowered their price objective on shares of Chatham Lodging Trust from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. Finally, Cantor Fitzgerald set a $20.00 price objective on shares of Chatham Lodging Trust and gave the stock a “hold” rating in a research report on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.00.

Shares of Chatham Lodging Trust stock opened at $20.36 on Friday. Chatham Lodging Trust has a 1 year low of $17.90 and a 1 year high of $23.91. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.67. The firm has a market cap of $934.86 million, a price-to-earnings ratio of 9.85 and a beta of 1.09.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.29). Chatham Lodging Trust had a return on equity of 3.69% and a net margin of 9.12%. The business had revenue of $74.03 million for the quarter, compared to analysts’ expectations of $70.78 million. research analysts forecast that Chatham Lodging Trust will post 1.93 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, June 29th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Thursday, June 28th. Chatham Lodging Trust’s payout ratio is 61.68%.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 135 hotels totaling 18,516 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,018 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.

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Institutional Ownership by Quarter for Chatham Lodging Trust (NYSE:CLDT)

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