Quest Partners LLC Has $223,000 Stake in Chatham Lodging Trust (NYSE:CLDT)

Quest Partners LLC decreased its holdings in Chatham Lodging Trust (NYSE:CLDT) by 63.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,218 shares of the real estate investment trust’s stock after selling 45,837 shares during the quarter. Quest Partners LLC owned approximately 0.05% of Chatham Lodging Trust worth $223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GSA Capital Partners LLP raised its holdings in shares of Chatham Lodging Trust by 30.8% in the third quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after buying an additional 72,420 shares during the last quarter. Long Pond Capital LP bought a new position in shares of Chatham Lodging Trust in the second quarter worth about $5,617,000. Panagora Asset Management Inc. lifted its position in shares of Chatham Lodging Trust by 44.1% during the second quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock worth $2,127,000 after purchasing an additional 76,439 shares in the last quarter. Millennium Management LLC grew its stake in shares of Chatham Lodging Trust by 1,241.7% during the second quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock valued at $12,055,000 after purchasing an additional 1,309,396 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Chatham Lodging Trust by 64.8% in the second quarter. AQR Capital Management LLC now owns 113,106 shares of the real estate investment trust’s stock valued at $964,000 after purchasing an additional 44,476 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Price Performance

Shares of CLDT stock opened at $9.24 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32. The firm has a market cap of $451.94 million, a price-to-earnings ratio of -40.22 and a beta of 1.79. The stock has a 50-day moving average price of $8.59 and a 200 day moving average price of $8.51.

Chatham Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is -121.74%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th.

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.