Foster & Motley Inc. Decreases Holdings in Chatham Lodging Trust (CLDT)

Foster & Motley Inc. lessened its holdings in Chatham Lodging Trust (NYSE:CLDT) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,703 shares of the real estate investment trust’s stock after selling 5,623 shares during the quarter. Foster & Motley Inc. owned approximately 0.19% of Chatham Lodging Trust worth $1,832,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CLDT. BlackRock Inc. boosted its holdings in shares of Chatham Lodging Trust by 5.0% during the second quarter. BlackRock Inc. now owns 7,660,426 shares of the real estate investment trust’s stock valued at $162,555,000 after acquiring an additional 367,205 shares during the period. Northern Trust Corp boosted its holdings in shares of Chatham Lodging Trust by 4.8% during the second quarter. Northern Trust Corp now owns 1,283,309 shares of the real estate investment trust’s stock valued at $27,232,000 after acquiring an additional 59,069 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Chatham Lodging Trust by 20.3% during the second quarter. Renaissance Technologies LLC now owns 697,700 shares of the real estate investment trust’s stock valued at $14,805,000 after acquiring an additional 117,900 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Chatham Lodging Trust by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 673,869 shares of the real estate investment trust’s stock valued at $14,299,000 after acquiring an additional 20,536 shares during the period. Finally, Boston Partners boosted its holdings in shares of Chatham Lodging Trust by 3.0% during the second quarter. Boston Partners now owns 664,629 shares of the real estate investment trust’s stock valued at $14,104,000 after acquiring an additional 19,274 shares during the period. 82.52% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CLDT opened at $19.61 on Friday. Chatham Lodging Trust has a fifty-two week low of $17.90 and a fifty-two week high of $23.91. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66. The stock has a market cap of $903.82 million, a P/E ratio of 9.16 and a beta of 1.15.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Chatham Lodging Trust had a net margin of 11.54% and a return on equity of 4.61%. The business had revenue of $90.23 million for the quarter, compared to analysts’ expectations of $87.42 million. As a group, analysts predict that Chatham Lodging Trust will post 1.91 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 31st will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Tuesday, October 30th. Chatham Lodging Trust’s dividend payout ratio is currently 61.68%.

Several brokerages have recently issued reports on CLDT. ValuEngine raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. B. Riley boosted 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. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price target on shares of Chatham Lodging Trust in a report on Wednesday, August 1st. Finally, TheStreet raised shares of Chatham Lodging Trust from a “c+” rating to a “b-” rating in a report on Thursday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.20.

About Chatham Lodging Trust

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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Institutional Ownership by Quarter for Chatham Lodging Trust (NYSE:CLDT)

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