Sei Investments Co. Buys 92,920 Shares of Chatham Lodging Trust (REIT) $CLDT

Sei Investments Co. increased its stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) by 97.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 188,438 shares of the real estate investment trust’s stock after purchasing an additional 92,920 shares during the quarter. Sei Investments Co.’s holdings in Chatham Lodging Trust were worth $1,483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Chatham Lodging Trust by 26.7% during the first quarter. Royal Bank of Canada now owns 193,422 shares of the real estate investment trust’s stock valued at $1,379,000 after purchasing an additional 40,746 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Chatham Lodging Trust by 35.8% in the first quarter. AQR Capital Management LLC now owns 98,409 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 25,926 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Chatham Lodging Trust by 6.6% in the first quarter. Jane Street Group LLC now owns 289,534 shares of the real estate investment trust’s stock worth $2,064,000 after buying an additional 18,030 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Chatham Lodging Trust in the first quarter worth $62,000. Finally, Strs Ohio bought a new stake in shares of Chatham Lodging Trust during the 1st quarter worth $61,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Down 1.3%

NYSE CLDT opened at $12.43 on Tuesday. The stock’s 50 day simple moving average is $12.91 and its 200 day simple moving average is $9.97. Chatham Lodging Trust has a one year low of $6.08 and a one year high of $13.88. The firm has a market cap of $580.23 million, a PE ratio of 155.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.72 and a quick ratio of 0.72.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $87.80 million during the quarter, compared to the consensus estimate of $82.01 million. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%.Chatham Lodging Trust has set its FY 2026 guidance at 1.280-1.340 EPS. As a group, sell-side analysts forecast that Chatham Lodging Trust will post 1.33 earnings per share for the current fiscal year.

Chatham Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Chatham Lodging Trust’s payout ratio is currently 500.00%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CLDT. Zacks Research upgraded shares of Chatham Lodging Trust from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Weiss Ratings raised shares of Chatham Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Alliance Global Partners restated a “buy” rating on shares of Chatham Lodging Trust in a report on Tuesday, August 4th. Stifel Nicolaus lifted their price objective on Chatham Lodging Trust from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective on shares of Chatham Lodging Trust in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Chatham Lodging Trust has a consensus rating of “Moderate Buy” and an average price target of $13.00.

About Chatham Lodging Trust

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.