2 weeks Ago By Defense World Staff
Russell Investments Group Ltd. cut its holdings in Chatham Lodging Trust (NYSE:CLDT – Free Report) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 151,772 shares of the real estate investment trust’s stock after selling 101,262 shares during the quarter. Russell Investments Group Ltd. owned 0.
31% of Chatham Lodging Trust worth $1,358,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLDT. Nomura Asset Management Co.
Ltd. lifted its position in Chatham Lodging Trust by 2.7% during the fourth quarter.
Nomura Asset Management Co. Ltd. now owns 63,600 shares of the real estate investment trust’s stock valued at $569,000 after purchasing an additional 1,700 shares during the period.
Quantbot Technologies LP bought a new position in shares of Chatham Lodging Trust during the 4th quarter valued at $25,000. ExodusPoint Capital Management LP boosted its stake in shares of Chatham Lodging Trust by 5.2% in the 4th quarter.
ExodusPoint Capital Management LP now owns 60,997 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 3,016 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Chatham Lodging Trust by 15.1% in the 4th quarter.
SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 3,264 shares during the last quarter. Finally, Asset Management One Co. Ltd.
grew its holdings in shares of Chatham Lodging Trust by 8.2% in the fourth quarter. Asset Management One Co.
Ltd. now owns 75,660 shares of the real estate investment trust’s stock worth $679,000 after acquiring an additional 5,703 shares during the period. 88.
37% of the stock is owned by institutional investors. Chatham Lodging Trust Price PerformanceShares of Chatham Lodging Trust stock opened at $6.82 on Monday.
The stock has a market cap of $333.91 million, a P/E ratio of -29.64 and a beta of 1.
49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.
96 and a current ratio of 0.96. The stock’s fifty day moving average is $7.
51 and its 200 day moving average is $8.38. Chatham Lodging Trust has a one year low of $5.
83 and a one year high of $10.00. Chatham Lodging Trust Cuts DividendThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th.
Stockholders of record on Monday, March 31st were given a $0.02 dividend. The ex-dividend date was Monday, March 31st.
This represents a $0.08 annualized dividend and a dividend yield of 1.17%.
Chatham Lodging Trust’s payout ratio is -450.00%. Analysts Set New Price TargetsSeveral research analysts have issued reports on CLDT shares.
Stifel Nicolaus dropped their target price on Chatham Lodging Trust from $11.00 to $9.50 and set a “buy” rating on the stock in a research report on Wednesday, April 16th.
StockNews.com downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.Check Out Our Latest Stock Report on Chatham Lodging TrustChatham Lodging Trust Profile (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.
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