Chatham Lodging Trust (NYSE:CLDT) Shares Pass Below 50 Day Moving Average – Should You Sell?

Chatham Lodging Trust (NYSE:CLDT) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.43 and traded as low as $8.04. Chatham Lodging Trust shares last traded at $8.19, with a volume of 597,978 shares traded.

Analyst Ratings Changes

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

Chatham Lodging Trust Stock Down 1.2 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $401.05 million, a P/E ratio of -68.33 and a beta of 1.79. The stock’s fifty day simple moving average is $8.44 and its two-hundred day simple moving average is $8.63.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The firm had revenue of $86.48 million for the quarter, compared to the consensus estimate of $85.48 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. As a group, research analysts expect that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio is presently -233.33%.

Hedge Funds Weigh In On Chatham Lodging Trust

A number of hedge funds have recently bought and sold shares of CLDT. Meeder Asset Management Inc. bought a new position in Chatham Lodging Trust during the second quarter worth $46,000. Quarry LP increased its stake in Chatham Lodging Trust by 303.7% in the second 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 stake in Chatham Lodging Trust in the second quarter valued at $63,000. Allspring Global Investments Holdings LLC increased its stake in Chatham Lodging Trust by 322.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 7,587 shares in the last quarter. Finally, Creative Planning bought a new stake in Chatham Lodging Trust in the third quarter valued at $89,000. Institutional investors own 88.37% of the company’s stock.

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.