Chatham Lodging Trust (NYSE:CLDT) Sees Large Decrease in Short Interest

Chatham Lodging Trust (NYSE:CLDT) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 353,000 shares, a drop of 6.6% from the December 15th total of 377,900 shares. Based on an average trading volume of 383,800 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners began coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price objective on the stock.

Institutional Investors Weigh In On Chatham Lodging Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP raised its holdings in shares of Chatham Lodging Trust by 303.7% in the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 4,149 shares in the last quarter. Point72 DIFC Ltd bought a new position in Chatham Lodging Trust in the second quarter worth approximately $63,000. Creative Planning purchased a new stake in Chatham Lodging Trust during the third quarter worth $89,000. Magnetar Financial LLC bought a new stake in Chatham Lodging Trust during the 2nd quarter valued at $96,000. Finally, Ballentine Partners LLC bought a new stake in Chatham Lodging Trust during the 4th quarter valued at $102,000. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Trading Up 0.3 %

Chatham Lodging Trust stock traded up $0.02 during trading hours on Friday, hitting $8.81. The company had a trading volume of 341,573 shares, compared to its average volume of 194,111. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $431.04 million, a P/E ratio of -38.32 and a beta of 1.81. The company has a 50-day moving average price of $9.14 and a two-hundred day moving average price of $8.68. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.10.

Chatham Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.28 annualized dividend and a yield of 3.18%. Chatham Lodging Trust’s payout ratio is currently -121.73%.

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.