SG Americas Securities LLC Purchases 3,264 Shares of Chatham Lodging Trust (NYSE:CLDT)

SG Americas Securities LLC boosted its position in Chatham Lodging Trust (NYSE:CLDT) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,942 shares of the real estate investment trust’s stock after purchasing an additional 3,264 shares during the period. SG Americas Securities LLC’s holdings in Chatham Lodging Trust were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Donald Smith & CO. Inc. raised its stake in shares of Chatham Lodging Trust by 3.3% during the third quarter. Donald Smith & CO. Inc. now owns 3,441,680 shares of the real estate investment trust’s stock valued at $29,323,000 after acquiring an additional 111,461 shares in the last quarter. State Street Corp raised its position in Chatham Lodging Trust by 1.1% during the 3rd quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust’s stock valued at $14,036,000 after purchasing an additional 17,428 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Chatham Lodging Trust by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust’s stock worth $10,953,000 after buying an additional 26,129 shares during the period. JPMorgan Chase & Co. grew its position in shares of Chatham Lodging Trust by 95.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock worth $5,389,000 after buying an additional 308,883 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Chatham Lodging Trust by 30.8% during the third quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after buying an additional 72,420 shares during the period. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners started coverage on shares of Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price objective for the company.

Chatham Lodging Trust Price Performance

NYSE CLDT opened at $8.83 on Friday. The company has a market cap of $431.63 million, a PE ratio of -38.37 and a beta of 1.80. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $10.81. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s 50 day moving average price is $9.05 and its 200-day moving average price is $8.69.

Chatham Lodging Trust (NYSE:CLDT) last announced its earnings results on Thursday, November 7th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.30). The company had revenue of $87.18 million for the quarter, compared to the consensus estimate of $87.63 million. Chatham Lodging Trust had a negative net margin of 0.99% and a negative return on equity of 0.39%. During the same period last year, the business posted $0.40 EPS. Sell-side analysts forecast that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, December 31st. Chatham Lodging Trust’s payout ratio is currently -121.73%.

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.