Strs Ohio Sells 12,952 Shares of Chatham Lodging Trust (NYSE:CLDT)

Strs Ohio lessened its stake in shares of Chatham Lodging Trust (NYSE:CLDTGet Rating) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,547 shares of the real estate investment trust’s stock after selling 12,952 shares during the quarter. Strs Ohio owned 0.10% of Chatham Lodging Trust worth $489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mutual of America Capital Management LLC lifted its position in shares of Chatham Lodging Trust by 16.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 8,197 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 1,170 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Chatham Lodging Trust by 2.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 59,558 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 1,180 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Chatham Lodging Trust by 1.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 75,840 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 1,378 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Chatham Lodging Trust by 1.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 79,965 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 1,517 shares during the period. Finally, Ziegler Capital Management LLC lifted its position in shares of Chatham Lodging Trust by 2.9% during the 2nd quarter. Ziegler Capital Management LLC now owns 72,400 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 2,042 shares during the period. Institutional investors own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

CLDT has been the subject of a number of recent analyst reports. Barclays raised their price target on Chatham Lodging Trust to $16.00 in a report on Thursday, October 27th. StockNews.com raised Chatham Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Chatham Lodging Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Chatham Lodging Trust Trading Down 1.7 %

CLDT stock opened at $12.74 on Thursday. The business has a fifty day moving average price of $12.71 and a 200 day moving average price of $12.20. Chatham Lodging Trust has a fifty-two week low of $9.59 and a fifty-two week high of $15.12. The stock has a market capitalization of $621.81 million, a price-to-earnings ratio of -90.99 and a beta of 1.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.44 and a quick ratio of 1.44.

Chatham Lodging Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.20%. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently -599.96%.

About Chatham Lodging Trust

(Get Rating)

Chatham Lodging Trust engages in the acquisition and investment in hotel properties. It focuses on the upscale extended-stay and premium branded select-service hotels. The firm’s management evaluates the company’s hotels as a single industry segment because all of the hotels have similar economic characteristics and provide similar services to similar types of customers.

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

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