678,530 Shares in Chatham Lodging Trust (REIT) $CLDT Purchased by Aegis Financial Corp

Aegis Financial Corp bought a new position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 678,530 shares of the real estate investment trust’s stock, valued at approximately $4,621,000. Chatham Lodging Trust accounts for approximately 1.1% of Aegis Financial Corp’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Chatham Lodging Trust by 195.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,836 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 3,858 shares during the period. Advisory Services Network LLC acquired a new position in Chatham Lodging Trust in the third quarter valued at approximately $52,000. Quarry LP lifted its holdings in Chatham Lodging Trust by 61.9% in the third quarter. Quarry LP now owns 8,629 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 3,300 shares during the period. Strs Ohio acquired a new position in Chatham Lodging Trust in the first quarter valued at approximately $61,000. Finally, Acadian Asset Management LLC acquired a new position in Chatham Lodging Trust in the first quarter valued at approximately $62,000. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Up 3.6%

Chatham Lodging Trust stock opened at $12.67 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73. Chatham Lodging Trust has a 12 month low of $6.08 and a 12 month high of $12.70. The stock has a market capitalization of $591.20 million, a PE ratio of 633.25 and a beta of 1.12. The business has a 50 day simple moving average of $9.68 and a 200-day simple moving average of $8.10.

Chatham Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Chatham Lodging Trust’s payout ratio is presently 2,000.00%.

Analysts Set New Price Targets

CLDT has been the subject of a number of analyst reports. Weiss Ratings raised Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a report on Friday, May 8th. Finally, Stifel Nicolaus set a $13.00 price target on Chatham Lodging Trust in a report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.00.

About Chatham Lodging Trust

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.