Chatham Lodging Trust (NYSE:CLDT) COO Dennis M. Craven Acquires 12,000 Shares

Chatham Lodging Trust (NYSE:CLDTGet Free Report) COO Dennis M. Craven bought 12,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $7.88 per share, for a total transaction of $94,560.00. Following the completion of the transaction, the chief operating officer now owns 110,943 shares in the company, valued at $874,230.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chatham Lodging Trust Stock Down 3.6 %

CLDT stock opened at $8.27 on Tuesday. The company has a market capitalization of $404.24 million, a P/E ratio of -68.88 and a beta of 1.76. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32. The firm’s fifty day simple moving average is $9.13 and its 200-day simple moving average is $9.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.25 and a quick ratio of 3.25.

Chatham Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.39%. The ex-dividend date is Friday, June 28th. Chatham Lodging Trust’s payout ratio is -233.33%.

Hedge Funds Weigh In On Chatham Lodging Trust

Institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in shares of Chatham Lodging Trust by 80.6% in the fourth quarter. Quadrant Capital Group LLC now owns 4,726 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 2,109 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Chatham Lodging Trust in the 4th quarter valued at about $70,000. Quadrature Capital Ltd acquired a new position in Chatham Lodging Trust in the 4th quarter worth about $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Chatham Lodging Trust by 83.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,537 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 7,070 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in Chatham Lodging Trust during the first quarter worth approximately $168,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays cut their price objective on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th.

Read Our Latest Analysis on CLDT

Chatham Lodging Trust Company Profile

(Get Free Report)

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.

Further Reading

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