Peapod Lane Capital LLC increased its holdings in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT – Free Report) by 72.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 320,641 shares of the real estate investment trust’s stock after buying an additional 134,285 shares during the quarter. Chatham Lodging Trust accounts for about 2.2% of Peapod Lane Capital LLC’s holdings, making the stock its 15th biggest holding. Peapod Lane Capital LLC owned approximately 0.65% of Chatham Lodging Trust worth $2,235,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Chatham Lodging Trust by 2.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,604 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 1,489 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Chatham Lodging Trust by 8.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 21,356 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 1,698 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Chatham Lodging Trust by 8.5% during the 1st quarter. MetLife Investment Management LLC now owns 28,318 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 2,226 shares during the last quarter. Quarry LP grew its holdings in shares of Chatham Lodging Trust by 38.1% during the 1st quarter. Quarry LP now owns 10,341 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 2,854 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Chatham Lodging Trust by 4.1% during the 1st quarter. Hsbc Holdings PLC now owns 82,246 shares of the real estate investment trust’s stock valued at $583,000 after purchasing an additional 3,231 shares during the last quarter. Institutional investors own 88.37% of the company’s stock.
NYSE:CLDT opened at $6.57 on Friday. The firm’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $7.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 1.07. Chatham Lodging Trust has a one year low of $5.83 and a one year high of $10.00. The company has a market cap of $321.79 million, a PE ratio of 219.00 and a beta of 1.44.
Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Chatham Lodging Trust had a net margin of 3.04% and a return on equity of 1.19%. The business had revenue of $80.29 million for the quarter, compared to the consensus estimate of $79.67 million. On average, research analysts anticipate that Chatham Lodging Trust will post 1.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.36 annualized dividend and a yield of 5.5%. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 1,200.00%.
Separately, Weiss Ratings raised shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Chatham Lodging Trust presently has an average rating of “Moderate Buy” and a consensus price target of $10.75.
View Our Latest Stock Analysis on Chatham Lodging Trust
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.
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