Jane Street Group LLC Sells 160,008 Shares of Chatham Lodging Trust (NYSE:CLDT)

Jane Street Group LLC cut its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 25.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 471,819 shares of the real estate investment trust’s stock after selling 160,008 shares during the quarter. Jane Street Group LLC’s holdings in Chatham Lodging Trust were worth $4,020,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Algert Global LLC increased its holdings in Chatham Lodging Trust by 20.5% during the second quarter. Algert Global LLC now owns 22,817 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 3,876 shares during the last quarter. Quarry LP raised its holdings in shares of Chatham Lodging Trust by 303.7% in the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 4,149 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $46,000. Point72 DIFC Ltd bought a new position in Chatham Lodging Trust during the second quarter valued at $63,000. Finally, Allspring Global Investments Holdings LLC increased its position in Chatham Lodging Trust by 322.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 7,587 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners initiated coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $12.00 price target on the stock.

Chatham Lodging Trust Stock Down 5.8 %

CLDT opened at $9.04 on Thursday. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.10. The company has a market cap of $442.16 million, a PE ratio of -39.30 and a beta of 1.82. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $8.88 and a 200 day moving average of $8.61.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -121.74%.

Chatham Lodging Trust Company Profile

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.