Chatham Lodging Trust (NYSE:CLDT) Short Interest Update

by · The Cerbat Gem

Chatham Lodging Trust (NYSE:CLDT – Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 631,800 shares, an increase of 25.9% from the March 15th total of 501,800 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 360,600 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analyst Weigh In

CLDT has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a “buy” rating on the stock in a research report on Wednesday. StockNews.com cut Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

View Our Latest Research Report on CLDT

Chatham Lodging Trust Stock Down 0.9 %

Shares of NYSE:CLDT traded down $0.06 during midday trading on Friday, hitting $6.82. 427,043 shares of the company’s stock were exchanged, compared to its average volume of 416,575. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. Chatham Lodging Trust has a 12 month low of $5.83 and a 12 month high of $10.00. The company has a market cap of $333.91 million, a PE ratio of -29.64 and a beta of 1.49. The stock has a 50 day moving average price of $7.51 and a 200-day moving average price of $8.38.

Chatham Lodging Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.02 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.17%. Chatham Lodging Trust’s dividend payout ratio is currently -450.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CLDT. Donald Smith & CO. Inc. grew its position in shares of Chatham Lodging Trust by 30.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,497,679 shares of the real estate investment trust’s stock valued at $40,254,000 after acquiring an additional 1,055,999 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in Chatham Lodging Trust in the 4th quarter valued at about $5,738,000. JPMorgan Chase & Co. lifted its holdings in Chatham Lodging Trust by 53.4% during the fourth quarter. JPMorgan Chase & Co. now owns 970,392 shares of the real estate investment trust’s stock valued at $8,685,000 after purchasing an additional 337,842 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Chatham Lodging Trust during the fourth quarter worth $1,273,000. Finally, Barclays PLC lifted its holdings in Chatham Lodging Trust by 76.1% during the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after purchasing an additional 121,920 shares in the last quarter. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company Profile

(Get Free Report)

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.

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