Donald Smith & CO. Inc. Has $31.90 Million Stock Holdings in Chatham Lodging Trust (REIT) $CLDT

Donald Smith & CO. Inc. increased its holdings in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,684,548 shares of the real estate investment trust’s stock after acquiring an additional 88,879 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.10% of Chatham Lodging Trust worth $31,902,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Intech Investment Management LLC lifted its position in shares of Chatham Lodging Trust by 9.1% during the 3rd quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,017 shares during the last quarter. Franklin Resources Inc. increased its stake in Chatham Lodging Trust by 8.4% during the second quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 2,642 shares during the period. Diversified Trust Co. increased its stake in Chatham Lodging Trust by 18.6% during the fourth quarter. Diversified Trust Co. now owns 18,861 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 2,952 shares during the period. Quarry LP increased its stake in Chatham Lodging Trust by 61.9% during the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 3,300 shares during the period. Finally, Peapod Lane Capital LLC increased its stake in Chatham Lodging Trust by 1.1% during the third quarter. Peapod Lane Capital LLC now owns 324,201 shares of the real estate investment trust’s stock valued at $2,175,000 after acquiring an additional 3,560 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Up 2.4%

NYSE CLDT opened at $12.25 on Thursday. The firm has a market cap of $571.94 million, a PE ratio of 612.60 and a beta of 1.12. Chatham Lodging Trust has a one year low of $6.08 and a one year high of $12.31. The stock’s 50 day simple moving average is $9.58 and its 200 day simple moving average is $8.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73.

Chatham Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.3%. Chatham Lodging Trust’s dividend payout ratio is 2,000.00%.

Wall Street Analysts Forecast Growth

CLDT has been the topic of several research reports. Stifel Nicolaus set a $13.00 price target on Chatham Lodging Trust in a research note on Friday, June 5th. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a research note on Friday, May 8th. Weiss Ratings upgraded Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Finally, Zacks Research lowered Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chatham Lodging Trust presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Chatham Lodging Trust 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.