Belpointe Asset Management LLC acquired a new position in Chatham Lodging Trust (REIT) (NYSE:CLDT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 39,792 shares of the real estate investment trust’s stock, valued at approximately $848,000. Belpointe Asset Management LLC owned 0.09% of Chatham Lodging Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLDT. Dimensional Fund Advisors LP raised its position in shares of Chatham Lodging Trust by 15.7% in the 1st 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 in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Chatham Lodging Trust by 5.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 161,344 shares of the real estate investment trust’s stock worth $3,187,000 after acquiring an additional 8,520 shares in the last quarter. State Street Corp raised its position in shares of Chatham Lodging Trust by 14.0% in the 1st 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 in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Chatham Lodging Trust in the 2nd quarter worth approximately $313,000. Finally, Russell Investments Group Ltd. raised its position in shares of Chatham Lodging Trust by 11.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 50,574 shares of the real estate investment trust’s stock worth $1,016,000 after acquiring an additional 5,373 shares in the last quarter. Institutional investors and hedge funds own 76.18% of the company’s stock.

Chatham Lodging Trust (NYSE CLDT) opened at $23.15 on Thursday. Chatham Lodging Trust has a 52-week low of $18.66 and a 52-week high of $23.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $1,028.14, a P/E ratio of 10.12 and a beta of 1.05.

Chatham Lodging Trust (NYSE:CLDT) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Chatham Lodging Trust had a return on equity of 3.90% and a net margin of 9.03%. The company had revenue of $81.40 million during the quarter, compared to analyst estimates of $80.12 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. equities analysts forecast that Chatham Lodging Trust will post 2.16 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date is Thursday, December 28th. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 194.12%.

Several research analysts have recently issued reports on the company. BidaskClub raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Barclays increased their target price on Chatham Lodging Trust from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 1st. Janney Montgomery Scott assumed coverage on Chatham Lodging Trust in a research report on Friday, September 15th. They issued a “neutral” rating and a $21.00 target price for the company. JMP Securities raised Chatham Lodging Trust from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging Trust in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $21.08.

WARNING: “Belpointe Asset Management LLC Invests $848,000 in Chatham Lodging Trust (REIT) (CLDT) Stock” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/14/belpointe-asset-management-llc-invests-848000-in-chatham-lodging-trust-reit-cldt-stock.html.

Chatham Lodging Trust 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). The Company owned 40 hotels with an aggregate of 5,939 rooms located in 16 states and the District of Columbia.

Want to see what other hedge funds are holding CLDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chatham Lodging Trust (REIT) (NYSE:CLDT).

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

Receive News & Stock Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related stocks with our FREE daily email newsletter.