Teachers Advisors LLC boosted its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 342,981 shares of the real estate investment trust’s stock after purchasing an additional 6,061 shares during the quarter. Teachers Advisors LLC owned approximately 0.87% of Chatham Lodging Trust (REIT) worth $6,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLDT. First Trust Advisors LP boosted its position in Chatham Lodging Trust (REIT) by 11.6% during the first quarter. First Trust Advisors LP now owns 137,616 shares of the real estate investment trust’s stock worth $2,718,000 after purchasing an additional 14,249 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Chatham Lodging Trust (REIT) by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 321,376 shares of the real estate investment trust’s stock worth $6,347,000 after purchasing an additional 10,821 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Chatham Lodging Trust (REIT) by 11.1% during the first quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 1,341 shares in the last quarter. Comerica Bank purchased a new stake in Chatham Lodging Trust (REIT) during the first quarter worth $359,000. Finally, Swiss National Bank boosted its position in Chatham Lodging Trust (REIT) by 4.5% during the first quarter. Swiss National Bank now owns 63,100 shares of the real estate investment trust’s stock worth $1,246,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

In related news, Director Robert D. Perlmutter sold 2,566 shares of Chatham Lodging Trust (REIT) stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total value of $52,269.42. Following the transaction, the director now directly owns 33,258 shares in the company, valued at approximately $677,465.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

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Shares of Chatham Lodging Trust (NYSE CLDT) opened at 21.59 on Friday. The stock has a market capitalization of $845.64 million, a P/E ratio of 32.71 and a beta of 1.07. The stock has a 50 day moving average price of $20.65 and a 200 day moving average price of $20.04. Chatham Lodging Trust has a 12 month low of $16.45 and a 12 month high of $21.68.

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

The business also recently announced a monthly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, September 28th. Chatham Lodging Trust (REIT)’s payout ratio is 200.00%.

CLDT has been the topic of a number of research analyst reports. BidaskClub upgraded Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday. Stifel Nicolaus restated a “hold” rating and issued a $19.50 price objective on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 7th. Cantor Fitzgerald restated a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a research report on Thursday, September 21st. Finally, Janney Montgomery Scott started coverage on Chatham Lodging Trust (REIT) in a research report on Friday, September 15th. They issued a “neutral” rating and a $21.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.92.

Chatham Lodging Trust (REIT) Company Profile

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.

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Institutional Ownership by Quarter for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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