Chatham Lodging Trust (REIT) $CLDT Stock Holdings Increased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its holdings in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,684,548 shares of the real estate investment trust’s stock after acquiring an additional 88,879 shares during the period. Donald Smith & CO. Inc. owned approximately 9.66% of Chatham Lodging Trust worth $31,902,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Chatham Lodging Trust by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,105,021 shares of the real estate investment trust’s stock valued at $34,255,000 after acquiring an additional 21,541 shares in the last quarter. Sculptor Capital LP bought a new stake in Chatham Lodging Trust during the 2nd quarter valued at $14,901,000. Geode Capital Management LLC raised its stake in Chatham Lodging Trust by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,291,554 shares of the real estate investment trust’s stock valued at $8,797,000 after acquiring an additional 32,861 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Chatham Lodging Trust by 413.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 813,825 shares of the real estate investment trust’s stock valued at $5,464,000 after acquiring an additional 655,265 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in Chatham Lodging Trust by 24.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 801,619 shares of the real estate investment trust’s stock valued at $5,379,000 after acquiring an additional 155,023 shares in the last quarter. Institutional investors own 88.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus set a $13.00 price objective on Chatham Lodging Trust in a research note on Friday, June 5th. Zacks Research downgraded Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Alliance Global Partners reissued a “buy” rating on shares of Chatham Lodging Trust in a research note on Friday, May 8th. Finally, Weiss Ratings raised Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Chatham Lodging Trust Stock Performance

Shares of NYSE CLDT opened at $12.25 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $571.94 million, a price-to-earnings ratio of 612.60 and a beta of 1.12. The stock’s fifty day simple moving average is $9.58 and its 200 day simple moving average is $8.06. Chatham Lodging Trust has a 52-week low of $6.08 and a 52-week high of $12.31.

Chatham Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.3%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 2,000.00%.

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.