AlphaQuest LLC Increases Stock Holdings in Chatham Lodging Trust (NYSE:CLDT)

AlphaQuest LLC lifted its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 127.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,549 shares of the real estate investment trust’s stock after acquiring an additional 33,331 shares during the period. AlphaQuest LLC’s holdings in Chatham Lodging Trust were worth $533,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Creative Planning purchased a new stake in shares of Chatham Lodging Trust during the 3rd quarter valued at about $89,000. Ballentine Partners LLC purchased a new stake in Chatham Lodging Trust during the 4th quarter worth approximately $102,000. Pensionfund Sabic increased its holdings 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 last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Chatham Lodging Trust during the 4th quarter worth approximately $209,000. Finally, SG Americas Securities LLC increased its holdings in Chatham Lodging Trust by 15.1% during the 4th quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 3,264 shares during the last quarter. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Chatham Lodging Trust Price Performance

Shares of CLDT opened at $7.79 on Thursday. The firm has a market cap of $381.47 million, a price-to-earnings ratio of -33.86 and a beta of 1.82. The stock has a 50 day moving average of $8.54 and a 200-day moving average of $8.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 52 week low of $7.60 and a 52 week high of $10.46.

Chatham Lodging Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.02 per share. The ex-dividend date is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.03%. Chatham Lodging Trust’s dividend payout ratio is currently -450.00%.

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.