Sterling Capital Management LLC increased its holdings in Chatham Lodging Trust (NYSE:CLDT) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,155 shares of the real estate investment trust’s stock after buying an additional 7,185 shares during the period. Sterling Capital Management LLC owned 0.11% of Chatham Lodging Trust worth $1,069,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Chatham Lodging Trust by 5.0% in the 2nd quarter. BlackRock Inc. now owns 7,660,426 shares of the real estate investment trust’s stock valued at $162,555,000 after purchasing an additional 367,205 shares during the period. Northern Trust Corp boosted its holdings in Chatham Lodging Trust by 4.8% in the 2nd quarter. Northern Trust Corp now owns 1,283,309 shares of the real estate investment trust’s stock valued at $27,232,000 after purchasing an additional 59,069 shares during the period. Renaissance Technologies LLC boosted its holdings in Chatham Lodging Trust by 20.3% in the 2nd quarter. Renaissance Technologies LLC now owns 697,700 shares of the real estate investment trust’s stock valued at $14,805,000 after purchasing an additional 117,900 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Chatham Lodging Trust by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,869 shares of the real estate investment trust’s stock valued at $14,299,000 after purchasing an additional 20,536 shares during the period. Finally, Boston Partners boosted its holdings in Chatham Lodging Trust by 3.0% in the 2nd quarter. Boston Partners now owns 664,629 shares of the real estate investment trust’s stock valued at $14,104,000 after purchasing an additional 19,274 shares during the period. 82.48% of the stock is owned by institutional investors.
NYSE CLDT opened at $19.94 on Friday. Chatham Lodging Trust has a 52-week low of $17.90 and a 52-week high of $23.91. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.65. The firm has a market cap of $950.79 million, a PE ratio of 9.32 and a beta of 1.10.
Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Chatham Lodging Trust had a net margin of 11.28% and a return on equity of 4.46%. The company had revenue of $90.23 million during the quarter, compared to the consensus estimate of $87.42 million. On average, equities analysts expect that Chatham Lodging Trust will post 1.91 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, October 31st will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend is Tuesday, October 30th. Chatham Lodging Trust’s dividend payout ratio is currently 61.68%.
Several brokerages have commented on CLDT. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust in a report on Wednesday, August 1st. ValuEngine raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. B. Riley raised their price target on shares of Chatham Lodging Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $21.20.
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Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 135 hotels totaling 18,518 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites.
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