Prudential Financial Inc. lifted its position in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 26.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,863 shares of the real estate investment trust’s stock after acquiring an additional 107,880 shares during the period. Prudential Financial Inc. owned 1.30% of Chatham Lodging Trust (REIT) worth $10,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Chatham Lodging Trust (REIT) by 1.8% in the first quarter. Vanguard Group Inc. now owns 4,550,576 shares of the real estate investment trust’s stock worth $89,874,000 after acquiring an additional 81,111 shares during the last quarter. Boston Partners boosted its stake in shares of Chatham Lodging Trust (REIT) by 2.1% in the second quarter. Boston Partners now owns 1,091,097 shares of the real estate investment trust’s stock worth $21,920,000 after acquiring an additional 22,621 shares during the last quarter. State Street Corp boosted its stake in shares of Chatham Lodging Trust (REIT) by 14.0% in the first quarter. State Street Corp now owns 882,768 shares of the real estate investment trust’s stock worth $17,438,000 after acquiring an additional 108,411 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Chatham Lodging Trust (REIT) by 90.1% in the second quarter. Bank of New York Mellon Corp now owns 610,776 shares of the real estate investment trust’s stock worth $12,270,000 after acquiring an additional 289,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Chatham Lodging Trust (REIT) by 15.7% in the first quarter. Dimensional Fund Advisors LP now owns 541,197 shares of the real estate investment trust’s stock worth $10,688,000 after acquiring an additional 73,619 shares during the last quarter. 83.10% of the stock is currently owned by hedge funds and other institutional investors.

Chatham Lodging Trust (NYSE:CLDT) opened at 20.68 on Wednesday. The firm has a market cap of $809.99 million, a price-to-earnings ratio of 31.33 and a beta of 1.05. Chatham Lodging Trust has a 1-year low of $16.45 and a 1-year high of $21.55. The firm’s 50-day moving average price is $20.21 and its 200-day moving average price is $19.85.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.52). The company had revenue of $77.90 million for the quarter, compared to analyst estimates of $77.84 million. Chatham Lodging Trust (REIT) had a net margin of 8.73% and a return on equity of 3.76%. Chatham Lodging Trust (REIT)’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. On average, equities research analysts anticipate that Chatham Lodging Trust will post $0.59 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Thursday, September 28th. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 200.00%.

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In other Chatham Lodging Trust (REIT) news, Director Robert D. Perlmutter sold 2,566 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the sale, the director now owns 33,258 shares in the company, valued at approximately $677,465.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is currently owned by corporate insiders.

CLDT has been the topic of a number of research analyst reports. JMP Securities raised Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.50 price target on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.88.

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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