Point72 Asia Singapore Pte. Ltd. Sells 42,631 Shares of Chatham Lodging Trust (NYSE:CLDT)

Point72 Asia Singapore Pte. Ltd. lessened its holdings in Chatham Lodging Trust (NYSE:CLDT) by 56.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,270 shares of the real estate investment trust’s stock after selling 42,631 shares during the period. Point72 Asia Singapore Pte. Ltd. owned about 0.07% of Chatham Lodging Trust worth $275,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its position in Chatham Lodging Trust by 1,241.7% in the 2nd quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock valued at $12,055,000 after buying an additional 1,309,396 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in Chatham Lodging Trust by 56.8% in the second quarter. Donald Smith & CO. Inc. now owns 3,330,219 shares of the real estate investment trust’s stock valued at $28,373,000 after purchasing an additional 1,206,670 shares during the last quarter. Long Pond Capital LP bought a new position in Chatham Lodging Trust during the second quarter valued at $5,617,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Chatham Lodging Trust in the second quarter worth $2,326,000. Finally, Bank of Montreal Can purchased a new position in shares of Chatham Lodging Trust during the 3rd quarter valued at $2,162,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Performance

Shares of CLDT opened at $9.51 on Wednesday. The stock’s 50-day simple moving average is $8.64 and its 200 day simple moving average is $8.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $11.32. The stock has a market capitalization of $465.13 million, a price-to-earnings ratio of -41.35 and a beta of 1.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th.

About 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.