Chatham Lodging Trust (NYSE:CLDT) Stock Holdings Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in shares of Chatham Lodging Trust (NYSE:CLDT) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 925,475 shares of the real estate investment trust’s stock after selling 16,100 shares during the period. Renaissance Technologies LLC owned about 1.89% of Chatham Lodging Trust worth $8,283,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CLDT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Chatham Lodging Trust by 85.9% during the third 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 last quarter. Barclays PLC lifted its position in shares of Chatham Lodging Trust by 76.1% in the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 121,920 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Chatham Lodging Trust by 95.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock valued at $5,389,000 after buying an additional 308,883 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Chatham Lodging Trust by 8.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,660 shares of the real estate investment trust’s stock valued at $679,000 after buying an additional 5,703 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Chatham Lodging Trust during the fourth quarter worth about $102,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Price Performance

Shares of NYSE:CLDT opened at $6.82 on Friday. Chatham Lodging Trust has a 12-month low of $5.83 and a 12-month high of $10.00. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The company has a market cap of $333.91 million, a P/E ratio of -29.64 and a beta of 1.49. The company’s fifty day moving average is $7.58 and its two-hundred day moving average is $8.40.

Chatham Lodging Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.17%. Chatham Lodging Trust’s payout ratio is presently -450.00%.

Analyst Ratings Changes

CLDT has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on Chatham Lodging Trust from $11.00 to $9.50 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com lowered Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

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.