AlphaQuest LLC Buys 79,651 Shares of Chatham Lodging Trust (REIT) $CLDT

AlphaQuest LLC grew its stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 1,617.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,576 shares of the real estate investment trust’s stock after buying an additional 79,651 shares during the quarter. AlphaQuest LLC owned 0.17% of Chatham Lodging Trust worth $568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLDT. Sculptor Capital LP bought a new stake in Chatham Lodging Trust in the 2nd quarter valued at $14,901,000. AQR Capital Management LLC raised its stake in shares of Chatham Lodging Trust by 394.2% in the 2nd quarter. AQR Capital Management LLC now owns 486,346 shares of the real estate investment trust’s stock valued at $3,390,000 after purchasing an additional 387,937 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Chatham Lodging Trust in the second quarter valued at about $1,131,000. Peapod Lane Capital LLC boosted its position in shares of Chatham Lodging Trust by 72.1% during the second quarter. Peapod Lane Capital LLC now owns 320,641 shares of the real estate investment trust’s stock worth $2,235,000 after buying an additional 134,285 shares during the period. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Chatham Lodging Trust during the second quarter worth about $906,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CLDT. Weiss Ratings reissued a “sell (d)” rating on shares of Chatham Lodging Trust in a research report on Monday, December 29th. Zacks Research cut shares of Chatham Lodging Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Chatham Lodging Trust presently has a consensus rating of “Hold” and a consensus target price of $9.50.

Chatham Lodging Trust Price Performance

NYSE:CLDT opened at $7.44 on Thursday. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $8.90. The company has a market cap of $360.99 million, a P/E ratio of 744.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50-day simple moving average is $6.92 and its 200 day simple moving average is $6.89.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $78.41 million during the quarter, compared to the consensus estimate of $79.68 million. Chatham Lodging Trust had a return on equity of 1.11% and a net margin of 2.89%. As a group, sell-side analysts forecast that Chatham Lodging Trust will post 1.07 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Wednesday, December 31st. Chatham Lodging Trust’s payout ratio is presently 3,600.00%.

Chatham Lodging Trust Profile

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.