Chatham Lodging Trust (REIT) (NYSE:CLDT) Shares Sold by Forward Management LLC

Forward Management LLC cut its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,035,938 shares of the real estate investment trust’s stock after selling 4,800 shares during the period. Chatham Lodging Trust (REIT) accounts for about 3.5% of Forward Management LLC’s holdings, making the stock its 6th largest position. Forward Management LLC owned about 0.05% of Chatham Lodging Trust (REIT) worth $40,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in 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 buying an additional 81,111 shares in the last quarter. State Street Corp increased its position 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 valued at $17,438,000 after buying an additional 108,411 shares during the last quarter. LSV Asset Management increased its position in shares of Chatham Lodging Trust (REIT) by 49.1% in the first quarter. LSV Asset Management now owns 801,567 shares of the real estate investment trust’s stock valued at $15,830,000 after buying an additional 263,902 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 valued at $10,688,000 after buying an additional 73,619 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Chatham Lodging Trust (REIT) by 40.7% in the first quarter. Prudential Financial Inc. now owns 400,983 shares of the real estate investment trust’s stock valued at $7,919,000 after buying an additional 116,080 shares during the last quarter. Institutional investors and hedge funds own 82.76% of the company’s stock.

Chatham Lodging Trust (CLDT) opened at 20.12 on Thursday. Chatham Lodging Trust has a one year low of $16.45 and a one year high of $21.86. The firm has a 50-day moving average of $20.33 and a 200 day moving average of $19.93. The company has a market capitalization of $789.21 million, a P/E ratio of 30.48 and a beta of 1.05.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its quarterly earnings data 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 firm had revenue of $77.90 million during the quarter, compared to analysts’ expectations 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 for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, equities analysts forecast that Chatham Lodging Trust will post $0.59 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, July 31st will be paid a $0.11 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.56%. Chatham Lodging Trust (REIT)’s dividend payout ratio (DPR) is presently 200.00%.

TRADEMARK VIOLATION NOTICE: This story was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.tickerreport.com/banking-finance/2799660/chatham-lodging-trust-reit-nysecldt-shares-sold-by-forward-management-llc.html.

Several research analysts have commented on CLDT shares. Zacks Investment Research raised shares of Chatham Lodging Trust (REIT) from a “sell” rating to a “hold” rating in a report on Monday, May 1st. FBR & Co reissued a “hold” rating and issued a $20.00 price target on shares of Chatham Lodging Trust (REIT) in a report on Friday, May 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.75.

In other news, Director Robert D. Perlmutter sold 2,566 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $20.37, for a total value of $52,269.42. Following the completion of the sale, the director now directly owns 33,258 shares of the company’s stock, valued at $677,465.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.

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.

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 (REIT) (NYSE:CLDT)

Receive News & Ratings for Chatham Lodging Trust (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.