Teachers Advisors LLC Acquires 6,061 Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT)

Teachers Advisors LLC raised its position in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,981 shares of the real estate investment trust’s stock after acquiring an additional 6,061 shares during the quarter. Teachers Advisors LLC owned 0.87% of Chatham Lodging Trust (REIT) worth $6,890,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CLDT. First Trust Advisors LP lifted its stake in Chatham Lodging Trust (REIT) by 11.6% in the first quarter. First Trust Advisors LP now owns 137,616 shares of the real estate investment trust’s stock valued at $2,718,000 after buying an additional 14,249 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Chatham Lodging Trust (REIT) by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 321,376 shares of the real estate investment trust’s stock valued at $6,347,000 after purchasing an additional 10,821 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Chatham Lodging Trust (REIT) by 11.1% during the first quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 1,341 shares in the last quarter. Comerica Bank bought a new stake in shares of Chatham Lodging Trust (REIT) during the first quarter valued at about $359,000. Finally, Swiss National Bank raised its stake in shares of Chatham Lodging Trust (REIT) by 4.5% during the first quarter. Swiss National Bank now owns 63,100 shares of the real estate investment trust’s stock valued at $1,246,000 after purchasing an additional 2,700 shares in the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust (CLDT) opened at 22.14 on Tuesday. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $22.36. The stock’s 50 day moving average price is $20.97 and its 200-day moving average price is $20.15. The firm has a market capitalization of $867.18 million, a price-to-earnings ratio of 33.55 and a beta of 1.07.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.52). The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. On average, equities research analysts expect that Chatham Lodging Trust will post $0.59 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 24th. Shareholders of record on Tuesday, October 31st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.32 annualized dividend and a yield of 5.96%. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 200.00%.

Several brokerages have commented on CLDT. Zacks Investment Research raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, October 6th. BidaskClub raised Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $20.00 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 21st. Janney Montgomery Scott began coverage on Chatham Lodging Trust (REIT) in a report on Friday, September 15th. They set a “neutral” rating and a $21.00 price target for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a report on Thursday, September 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.92.

ILLEGAL ACTIVITY NOTICE: “Teachers Advisors LLC Acquires 6,061 Shares of Chatham Lodging Trust (REIT) (NYSE:CLDT)” was originally reported by BBNS and is the property of of BBNS. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://baseballnewssource.com/markets/chatham-lodging-trust-reit-cldt-shares-bought-by-teachers-advisors-llc/1698457.html.

In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total value of $52,269.42. Following the completion of the sale, the director now directly owns 33,258 shares in the company, valued at $677,465.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

About Chatham Lodging Trust (REIT)

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

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

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