Morgan Stanley raised its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 10.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 273,418 shares of the real estate investment trust’s stock after buying an additional 25,158 shares during the period. Morgan Stanley owned about 0.71% of Chatham Lodging Trust (REIT) worth $5,400,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CLDT. Dimensional Fund Advisors LP boosted its position in Chatham Lodging Trust (REIT) by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 467,578 shares of the real estate investment trust’s stock valued at $9,609,000 after buying an additional 46,529 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Chatham Lodging Trust (REIT) by 15.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 51,931 shares of the real estate investment trust’s stock valued at $1,067,000 after buying an additional 6,990 shares during the last quarter. Teachers Advisors LLC boosted its position in Chatham Lodging Trust (REIT) by 435.5% in the fourth quarter. Teachers Advisors LLC now owns 320,332 shares of the real estate investment trust’s stock valued at $6,583,000 after buying an additional 260,515 shares during the last quarter. Foster & Motley Inc. boosted its position in Chatham Lodging Trust (REIT) by 9.5% in the first quarter. Foster & Motley Inc. now owns 125,047 shares of the real estate investment trust’s stock valued at $2,470,000 after buying an additional 10,829 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Chatham Lodging Trust (REIT) by 36.8% in the first quarter. Fisher Asset Management LLC now owns 31,650 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 8,521 shares during the last quarter. 82.76% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust (NYSE:CLDT) traded up 0.10% on Tuesday, hitting $20.46. 50,748 shares of the stock traded hands. The stock has a market cap of $802.54 million, a price-to-earnings ratio of 31.00 and a beta of 1.05. Chatham Lodging Trust has a 52-week low of $16.45 and a 52-week high of $22.05. The company’s 50 day moving average price is $20.31 and its 200-day moving average price is $19.92.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.52. The firm had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.84 million. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. On average, analysts forecast that Chatham Lodging Trust will post $0.59 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, July 31st will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.32 annualized dividend and a dividend yield of 6.46%. Chatham Lodging Trust (REIT)’s payout ratio is 200.00%.

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Several research analysts have recently weighed in on CLDT shares. Zacks Investment Research raised shares of Chatham Lodging Trust (REIT) from a “sell” rating to a “hold” rating in a report on Monday, May 1st. FBR & Co reaffirmed a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a report on Friday, May 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.75.

About Chatham Lodging Trust (REIT)

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

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

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