Thrivent Financial For Lutherans increased its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 387,676 shares of the real estate investment trust’s stock after acquiring an additional 46,746 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.85% of Chatham Lodging Trust worth $8,824,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Schroder Investment Management Group bought a new stake in shares of Chatham Lodging Trust in the third quarter valued at $112,000. Aperio Group LLC bought a new stake in shares of Chatham Lodging Trust in the fourth quarter valued at $223,000. SG Americas Securities LLC bought a new stake in shares of Chatham Lodging Trust in the third quarter valued at $278,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Chatham Lodging Trust by 61.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 13,400 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 5,100 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Chatham Lodging Trust in the fourth quarter valued at $334,000. Institutional investors and hedge funds own 88.61% of the company’s stock.
In other news, Chairman Jeffrey H. Fisher acquired 5,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $18.48 per share, for a total transaction of $101,640.00. Following the acquisition, the chairman now owns 691,545 shares of the company’s stock, valued at $12,779,751.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter Willis acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $18.30 per share, with a total value of $36,600.00. Following the completion of the acquisition, the executive vice president now directly owns 68,233 shares in the company, valued at approximately $1,248,663.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 14,715 shares of company stock valued at $270,485. 3.60% of the stock is owned by company insiders.
Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). Chatham Lodging Trust had a net margin of 9.86% and a return on equity of 4.11%. The company had revenue of $70.32 million for the quarter, compared to the consensus estimate of $68.50 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. research analysts anticipate that Chatham Lodging Trust will post 1.91 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Thursday, March 29th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend is Wednesday, March 28th. Chatham Lodging Trust’s payout ratio is 180.82%.
CLDT has been the topic of several research reports. Barclays restated a “hold” rating and issued a $23.00 target price on shares of Chatham Lodging Trust in a research note on Friday, December 15th. Zacks Investment Research lowered Chatham Lodging Trust from a “buy” rating to a “sell” rating in a research note on Tuesday, November 14th. B. Riley lowered their target price on Chatham Lodging Trust from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Cantor Fitzgerald set a $20.00 target price on Chatham Lodging Trust and gave the company a “hold” rating in a research note on Thursday, March 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.00.
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Chatham Lodging Trust 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). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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