Chatham Lodging Trust (NYSE:CLDT) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Chatham Lodging Trust (NYSE:CLDT) from a buy rating to a hold rating in a research note released on Wednesday.

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

Chatham Lodging Trust Price Performance

NYSE CLDT opened at $7.22 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 1 year low of $7.17 and a 1 year high of $10.16. The company has a market cap of $353.70 million, a PE ratio of -31.39 and a beta of 1.82. The stock’s 50-day moving average price is $8.22 and its two-hundred day moving average price is $8.60.

Chatham Lodging Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio is currently -450.00%.

Hedge Funds Weigh In On Chatham Lodging Trust

Several institutional investors and hedge funds have recently bought and sold shares of CLDT. Quantbot Technologies LP acquired a new stake in shares of Chatham Lodging Trust during the fourth quarter worth approximately $25,000. Lazard Asset Management LLC purchased a new stake in Chatham Lodging Trust in the 4th quarter worth approximately $56,000. Quarry LP boosted its stake in shares of Chatham Lodging Trust by 23.5% during the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,423 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Chatham Lodging Trust during the 4th quarter valued at $68,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Chatham Lodging Trust in the fourth quarter worth $94,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Company 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.