Fox Run Management L.L.C. Takes Position in Chatham Lodging Trust (NYSE:CLDT)

Fox Run Management L.L.C. acquired a new position in Chatham Lodging Trust (NYSE:CLDT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,824 shares of the real estate investment trust’s stock, valued at approximately $240,000. Fox Run Management L.L.C. owned 0.05% of Chatham Lodging Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CLDT. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Chatham Lodging Trust by 369.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,768 shares of the real estate investment trust’s stock worth $629,000 after acquiring an additional 58,063 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Chatham Lodging Trust during the 3rd quarter valued at $2,162,000. FMR LLC lifted its holdings in Chatham Lodging Trust by 59.5% during the 3rd quarter. FMR LLC now owns 42,567 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 15,877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Chatham Lodging Trust by 85.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust’s stock worth $1,047,000 after purchasing an additional 56,804 shares during the period. Finally, Martingale Asset Management L P boosted its stake in Chatham Lodging Trust by 16.9% in the 3rd quarter. Martingale Asset Management L P now owns 124,612 shares of the real estate investment trust’s stock worth $1,062,000 after purchasing an additional 18,015 shares during the period. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Trading Down 1.3 %

Shares of CLDT stock opened at $7.30 on Friday. The company has a market capitalization of $357.27 million, a PE ratio of -31.72 and a beta of 1.82. Chatham Lodging Trust has a 52-week low of $7.24 and a 52-week high of $10.22. The business’s fifty day moving average is $8.25 and its 200 day moving average is $8.61. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.02 per share. The ex-dividend date is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.10%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -450.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CLDT. StockNews.com cut Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Alliance Global Partners began coverage on shares of Chatham Lodging Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $12.00 target price on the stock.

Chatham Lodging Trust 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.