Fisher Asset Management LLC boosted its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 38.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,767 shares of the real estate investment trust’s stock after buying an additional 12,117 shares during the period. Fisher Asset Management LLC owned about 0.11% of Chatham Lodging Trust (REIT) worth $879,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CLDT. LSV Asset Management raised its position in shares of Chatham Lodging Trust (REIT) by 49.1% in the first quarter. LSV Asset Management now owns 801,567 shares of the real estate investment trust’s stock worth $15,830,000 after buying an additional 263,902 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Chatham Lodging Trust (REIT) by 435.5% in the fourth quarter. Teachers Advisors LLC now owns 320,332 shares of the real estate investment trust’s stock worth $6,583,000 after buying an additional 260,515 shares during the last quarter. Ranger Global Real Estate Advisors LLC bought a new position in shares of Chatham Lodging Trust (REIT) during the first quarter worth $3,745,000. Prudential Financial Inc. raised its position in shares of Chatham Lodging Trust (REIT) by 40.7% in the first quarter. Prudential Financial Inc. now owns 400,983 shares of the real estate investment trust’s stock worth $7,919,000 after buying an additional 116,080 shares during the last quarter. Finally, State Street Corp raised its position in shares of Chatham Lodging Trust (REIT) by 14.0% in the first quarter. State Street Corp now owns 882,768 shares of the real estate investment trust’s stock worth $17,438,000 after buying an additional 108,411 shares during the last quarter. Hedge funds and other institutional investors own 83.29% of the company’s stock.
Shares of Chatham Lodging Trust (NYSE:CLDT) opened at 20.51 on Tuesday. The company has a market cap of $786.39 million, a price-to-earnings ratio of 24.13 and a beta of 1.04. The stock has a 50 day moving average of $20.19 and a 200-day moving average of $19.91. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $24.66.
Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. Chatham Lodging Trust (REIT) had a net margin of 11.15% and a return on equity of 4.79%. The business had revenue of $69.22 million during the quarter, compared to the consensus estimate of $69.16 million. During the same quarter last year, the firm posted $0.46 EPS. Chatham Lodging Trust (REIT)’s revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Chatham Lodging Trust will post $0.73 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, July 31st will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend is Thursday, July 27th. Chatham Lodging Trust (REIT)’s payout ratio is currently 157.14%.
CLDT has been the topic of a number of research reports. Zacks Investment Research raised shares of Chatham Lodging Trust (REIT) from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. FBR & Co reissued a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a research report on Friday, May 12th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Chatham Lodging Trust (REIT) has an average rating of “Hold” and an average price target of $19.60.
Chatham Lodging Trust (REIT) Company Profile
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.
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