Sculptor Capital LP Increases Position in Chatham Lodging Trust (REIT) $CLDT

Sculptor Capital LP increased its stake in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,365,395 shares of the real estate investment trust’s stock after buying an additional 227,500 shares during the quarter. Sculptor Capital LP owned about 4.88% of Chatham Lodging Trust worth $16,108,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Intech Investment Management LLC boosted its holdings in Chatham Lodging Trust by 9.1% in the third quarter. Intech Investment Management LLC now owns 24,296 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 2,017 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Chatham Lodging Trust by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 615,322 shares of the real estate investment trust’s stock valued at $4,190,000 after purchasing an additional 2,496 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Chatham Lodging Trust by 8.4% in the second quarter. Franklin Resources Inc. now owns 34,078 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 2,642 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Chatham Lodging Trust by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 804,513 shares of the real estate investment trust’s stock valued at $5,479,000 after purchasing an additional 2,894 shares during the last quarter. Finally, Diversified Trust Co. raised its position in shares of Chatham Lodging Trust by 18.6% in the fourth quarter. Diversified Trust Co. now owns 18,861 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 2,952 shares during the period. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Stock Performance

Chatham Lodging Trust stock opened at $12.75 on Tuesday. The firm has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $8.19. Chatham Lodging Trust has a 1-year low of $6.08 and a 1-year high of $13.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $595.17 million, a price-to-earnings ratio of 637.50 and a beta of 1.11.

Chatham Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.1%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently 2,000.00%.

Analysts Set New Price Targets

CLDT has been the subject of a number of analyst reports. Alliance Global Partners reiterated a “buy” rating on shares of Chatham Lodging Trust in a research report on Friday, May 8th. BMO Capital Markets restated a “market perform” rating and set a $12.00 price target on shares of Chatham Lodging Trust in a research report on Friday. Stifel Nicolaus set a $13.00 price target on shares of Chatham Lodging Trust in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Chatham Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Finally, Zacks Research downgraded shares of Chatham Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

Chatham Lodging Trust Profile

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.