Steward Partners Investment Advisory LLC Invests $25,000 in Chatham Lodging Trust (NYSE:CLDT)

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Steward Partners Investment Advisory LLC bought a new stake in shares of Chatham Lodging Trust (NYSE:CLDT) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,350 shares of the real estate investment trust’s stock, valued at approximately $25,000.

Other large investors also recently made changes to their positions in the company. Private Capital Group LLC raised its holdings in shares of Chatham Lodging Trust by 2,733.8% during the 1st quarter. Private Capital Group LLC now owns 1,927 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,859 shares during the period. Daiwa Securities Group Inc. grew its stake in Chatham Lodging Trust by 16.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Chatham Lodging Trust by 47.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,209 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 3,280 shares in the last quarter. Advisory Services Network LLC grew its stake in Chatham Lodging Trust by 136.8% during the 1st quarter. Advisory Services Network LLC now owns 11,673 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 6,743 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. grew its stake in Chatham Lodging Trust by 5.9% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 11,711 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 652 shares in the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 3rd. Barclays set a $18.00 price objective on Chatham Lodging Trust and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, B. Riley lowered their price objective on Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.00.

Shares of NYSE CLDT opened at $16.38 on Friday. Chatham Lodging Trust has a fifty-two week low of $16.38 and a fifty-two week high of $22.03. The business has a 50 day moving average price of $17.85 and a two-hundred day moving average price of $19.19. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.73. The firm has a market cap of $783.56 million, a PE ratio of 8.40 and a beta of 1.08.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.32 dividend on an annualized basis and a yield of 8.06%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 67.69%.

Chatham Lodging Trust Profile

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,500 rooms/suites.

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

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