EntryPoint Capital LLC Makes New $222,000 Investment in Chatham Lodging Trust (NYSE:CLDT)

EntryPoint Capital LLC purchased a new stake in Chatham Lodging Trust (NYSE:CLDT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,836 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other large investors have also made changes to their positions in CLDT. Quantbot Technologies LP purchased a new position in Chatham Lodging Trust in the 4th quarter valued at approximately $25,000. KLP Kapitalforvaltning AS acquired a new stake in Chatham Lodging Trust in the fourth quarter valued at $68,000. Ballentine Partners LLC purchased a new position in shares of Chatham Lodging Trust in the fourth quarter valued at $102,000. Pensionfund Sabic raised its stake in shares of Chatham Lodging Trust by 66.7% during the 4th quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 6,000 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Chatham Lodging Trust in the 4th quarter worth about $155,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Trading Down 1.1 %

Chatham Lodging Trust stock opened at $7.22 on Friday. The stock has a 50-day moving average price of $8.22 and a 200 day moving average price of $8.61. Chatham Lodging Trust has a 52 week low of $7.17 and a 52 week high of $10.16. The stock has a market cap of $353.70 million, a PE ratio of -31.39 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.

Chatham Lodging Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio is presently -450.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CLDT shares. StockNews.com cut shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Alliance Global Partners began coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $12.00 price objective for the company.

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.