Chatham Lodging Trust (NYSE:CLDT) Short Interest Up 5.2% in July

Chatham Lodging Trust (NYSE:CLDT) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 856,400 shares, a growth of 5.2% from the June 30th total of 814,400 shares. Based on an average trading volume of 586,700 shares, the days-to-cover ratio is presently 1.5 days.

Chatham Lodging Trust Stock Performance

Shares of NYSE CLDT traded down $0.08 during midday trading on Wednesday, hitting $8.80. 340,217 shares of the stock traded hands, compared to its average volume of 388,745. The firm has a 50-day moving average of $8.55 and a two-hundred day moving average of $9.47. The firm has a market capitalization of $430.41 million, a P/E ratio of -74.00 and a beta of 1.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.25 and a current ratio of 3.25. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $11.32.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.07 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -233.33%.

Analysts Set New Price Targets

CLDT has been the subject of a number of recent research reports. StockNews.com raised Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Barclays reduced their target price on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th.

Insider Buying and Selling

In other news, COO Dennis M. Craven bought 12,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $7.88 per share, with a total value of $94,560.00. Following the completion of the transaction, the chief operating officer now directly owns 110,943 shares of the company’s stock, valued at approximately $874,230.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chatham Lodging Trust

A number of institutional investors have recently bought and sold shares of CLDT. Donald Smith & CO. Inc. lifted its holdings in shares of Chatham Lodging Trust by 18.0% in the 1st quarter. Donald Smith & CO. Inc. now owns 2,123,549 shares of the real estate investment trust’s stock valued at $21,469,000 after acquiring an additional 324,475 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Chatham Lodging Trust by 44.1% during the second quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock valued at $2,127,000 after acquiring an additional 76,439 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Chatham Lodging Trust by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 776,939 shares of the real estate investment trust’s stock valued at $8,329,000 after acquiring an additional 56,937 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Chatham Lodging Trust by 15.1% during the first quarter. Russell Investments Group Ltd. now owns 219,715 shares of the real estate investment trust’s stock valued at $2,221,000 after acquiring an additional 28,884 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at approximately $262,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

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.