Jacobs Levy Equity Management Inc. Cuts Stock Position in Chatham Lodging Trust (NYSE:CLDT)

Jacobs Levy Equity Management Inc. cut its stake in shares of Chatham Lodging Trust (NYSE:CLDT) by 1.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 333,406 shares of the real estate investment trust’s stock after selling 4,639 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Chatham Lodging Trust were worth $3,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its position in shares of Chatham Lodging Trust by 80.6% during the fourth quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,109 shares in the last quarter. Quest Partners LLC acquired a new stake in Chatham Lodging Trust during the 4th quarter valued at approximately $70,000. Quadrature Capital Ltd purchased a new stake in Chatham Lodging Trust during the 4th quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Chatham Lodging Trust by 83.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,537 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 7,070 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Chatham Lodging Trust in the 1st quarter worth about $168,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Up 0.2 %

CLDT stock traded up $0.02 during mid-day trading on Wednesday, reaching $8.90. The company had a trading volume of 61,613 shares, compared to its average volume of 386,836. The stock’s 50-day simple moving average is $8.55 and its two-hundred day simple moving average is $9.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.25 and a current ratio of 3.25. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $11.32.

Chatham Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.15%. The ex-dividend date was Friday, June 28th. Chatham Lodging Trust’s dividend payout ratio (DPR) is -233.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays decreased their price target on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. StockNews.com upgraded shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th.

Insider Buying and Selling at Chatham Lodging Trust

In related news, COO Dennis M. Craven acquired 12,000 shares of Chatham Lodging Trust stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $7.88 per share, with a total value of $94,560.00. Following the completion of the acquisition, the chief operating officer now directly owns 110,943 shares of the company’s stock, valued at approximately $874,230.84. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.50% of the stock is owned by company insiders.

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.