Donald Smith & CO. Inc. Has $40.25 Million Holdings in Chatham Lodging Trust (NYSE:CLDT)

Donald Smith & CO. Inc. grew its position in shares of Chatham Lodging Trust (NYSE:CLDT) by 30.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,497,679 shares of the real estate investment trust’s stock after buying an additional 1,055,999 shares during the quarter. Donald Smith & CO. Inc. owned approximately 9.20% of Chatham Lodging Trust worth $40,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of Chatham Lodging Trust by 2.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 63,600 shares of the real estate investment trust’s stock valued at $569,000 after acquiring an additional 1,700 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Chatham Lodging Trust during the 4th quarter worth $25,000. ExodusPoint Capital Management LP raised its holdings in Chatham Lodging Trust by 5.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 60,997 shares of the real estate investment trust’s stock worth $546,000 after acquiring an additional 3,016 shares during the period. SG Americas Securities LLC grew its position in shares of 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. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Chatham Lodging Trust by 4.2% in the third quarter. Public Employees Retirement System of Ohio now owns 95,824 shares of the real estate investment trust’s stock worth $816,000 after purchasing an additional 3,870 shares during the period. Institutional investors own 88.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CLDT shares. StockNews.com downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Alliance Global Partners initiated coverage on shares of Chatham Lodging Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price target for the company.

Chatham Lodging Trust Price Performance

Shares of CLDT stock opened at $7.25 on Thursday. Chatham Lodging Trust has a 12 month low of $7.00 and a 12 month high of $10.16. The company has a market capitalization of $355.12 million, a P/E ratio of -31.52 and a beta of 1.49. The stock has a 50 day moving average of $8.12 and a two-hundred day moving average of $8.58. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.02 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.08 annualized dividend and a yield of 1.10%. Chatham Lodging Trust’s dividend payout ratio (DPR) 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.