Chatham Lodging Trust (NYSE:CLDT) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in Chatham Lodging Trust (NYSE:CLDT) by 2.7% during the 4th quarter, Holdings Channel reports. The fund owned 63,600 shares of the real estate investment trust’s stock after purchasing an additional 1,700 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Chatham Lodging Trust were worth $569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Chatham Lodging Trust by 85.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust’s stock worth $1,047,000 after buying an additional 56,804 shares during the period. Barclays PLC increased its position in shares of Chatham Lodging Trust by 76.1% in the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock valued at $2,404,000 after purchasing an additional 121,920 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Chatham Lodging Trust by 95.4% in the third quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock valued at $5,389,000 after buying an additional 308,883 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Chatham Lodging Trust by 8.2% during the 4th 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 in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Chatham Lodging Trust by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust’s stock worth $10,953,000 after acquiring an additional 26,129 shares in the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Trading Down 10.7 %

NYSE CLDT opened at $6.45 on Friday. The firm’s fifty day moving average is $8.08 and its two-hundred day moving average is $8.57. 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 firm has a market cap of $315.93 million, a PE ratio of -28.04 and a beta of 1.49. Chatham Lodging Trust has a one year low of $6.42 and a one year high of $10.16.

Chatham Lodging Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -450.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Alliance Global Partners began coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $12.00 target price on the stock.

About Chatham Lodging Trust

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.