Y Intercept Hong Kong Ltd Acquires 46,820 Shares of Chatham Lodging Trust (NYSE:CLDT)

Y Intercept Hong Kong Ltd grew its holdings in Chatham Lodging Trust (NYSE:CLDT) by 100.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,352 shares of the real estate investment trust’s stock after acquiring an additional 46,820 shares during the period. Y Intercept Hong Kong Ltd owned 0.19% of Chatham Lodging Trust worth $836,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in Chatham Lodging Trust by 1.1% in the third quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust’s stock worth $14,036,000 after acquiring an additional 17,428 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Chatham Lodging Trust by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust’s stock valued at $10,953,000 after purchasing an additional 26,129 shares during the period. JPMorgan Chase & Co. boosted its holdings in Chatham Lodging Trust by 95.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock valued at $5,389,000 after purchasing an additional 308,883 shares during the period. GSA Capital Partners LLP boosted its holdings in Chatham Lodging Trust by 30.8% in the 3rd quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after purchasing an additional 72,420 shares during the period. Finally, Repertoire Partners LP bought a new stake in Chatham Lodging Trust in the 3rd quarter valued at $2,556,000. 88.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners initiated coverage on shares of Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price objective for the company.

Chatham Lodging Trust Trading Down 2.1 %

Shares of CLDT stock opened at $8.07 on Friday. The stock has a market cap of $394.52 million, a price-to-earnings ratio of -35.07 and a beta of 1.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a fifty day moving average of $8.72 and a 200-day moving average of $8.68. Chatham Lodging Trust has a 52-week low of $7.60 and a 52-week high of $10.54.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently -350.00%.

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.