Fisher Asset Management LLC raised its position in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 38.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.11% of Chatham Lodging Trust (REIT) worth $879,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Management LLC raised its position in Chatham Lodging Trust (REIT) by 2.4% in the first quarter. Quadrant Capital Management LLC now owns 33,975 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 800 shares during the period. BNP Paribas Arbitrage SA raised its position in Chatham Lodging Trust (REIT) by 11.1% in the first quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 1,341 shares during the period. Mutual of America Capital Management LLC raised its position in Chatham Lodging Trust (REIT) by 0.8% in the first quarter. Mutual of America Capital Management LLC now owns 192,681 shares of the real estate investment trust’s stock worth $3,805,000 after buying an additional 1,435 shares during the period. American International Group Inc. raised its position in Chatham Lodging Trust (REIT) by 7.1% in the first quarter. American International Group Inc. now owns 23,115 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 1,532 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Chatham Lodging Trust (REIT) by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 47,461 shares of the real estate investment trust’s stock worth $937,000 after buying an additional 1,930 shares during the period. 81.19% of the stock is owned by hedge funds and other institutional investors.
Shares of Chatham Lodging Trust (CLDT) traded down 1.50% during trading on Friday, reaching $19.75. The company had a trading volume of 772,439 shares. The company has a market capitalization of $773.57 million, a PE ratio of 29.92 and a beta of 1.05. The stock’s 50-day moving average price is $20.26 and its 200-day moving average price is $19.88. Chatham Lodging Trust has a 52 week low of $16.45 and a 52 week high of $21.74.
Chatham Lodging Trust (REIT) (NYSE:CLDT) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.52. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The firm had revenue of $77.90 million for the quarter, compared to analysts’ expectations of $77.84 million. During the same quarter last year, the firm posted $0.69 earnings per share. Chatham Lodging Trust (REIT)’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts expect that Chatham Lodging Trust will post $0.59 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Tuesday, August 29th. Chatham Lodging Trust (REIT)’s dividend payout ratio is currently 200.00%.
TRADEMARK VIOLATION WARNING: “Fisher Asset Management LLC Buys 12,117 Shares of Chatham Lodging Trust (REIT) (CLDT)” was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://stocknewstimes.com/2017/08/19/fisher-asset-management-llc-has-879000-position-in-chatham-lodging-trust-reit-cldt-updated-updated-updated.html.
A number of research firms have recently weighed in on CLDT. FBR & Co reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a research note on Friday, May 12th. Zacks Investment Research lowered Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Chatham Lodging Trust (REIT) presently has a consensus rating of “Hold” and an average target price of $19.75.
In other news, Director Robert D. Perlmutter sold 2,566 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the transaction, the director now directly owns 33,258 shares in the company, valued at approximately $677,465.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.60% of the company’s stock.
About Chatham Lodging Trust (REIT)
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.
Receive News & Ratings for Chatham Lodging Trust (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.
