Chatham Lodging Trust (NYSE:CLDT) Short Interest Update

Chatham Lodging Trust (NYSE:CLDT) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 631,800 shares, an increase of 25.9% from the March 15th total of 501,800 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 360,600 shares, the short-interest ratio is presently 1.8 days.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com cut Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their price objective on Chatham Lodging Trust from $11.00 to $9.50 and set a “buy” rating for the company in a report on Wednesday, April 16th.

Chatham Lodging Trust Stock Performance

NYSE:CLDT traded up $0.01 during mid-day trading on Monday, reaching $6.82. The stock had a trading volume of 168,477 shares, compared to its average volume of 415,601. 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 business has a 50 day simple moving average of $7.51 and a 200 day simple moving average of $8.38. Chatham Lodging Trust has a twelve month low of $5.83 and a twelve month high of $10.00. The firm has a market capitalization of $334.06 million, a price-to-earnings ratio of -29.65 and a beta of 1.49.

Chatham Lodging Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.17%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -450.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Chatham Lodging Trust by 76.1% during the third quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after purchasing an additional 121,920 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 308,883 shares in the last quarter. Asset Management One Co. Ltd. grew its position 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 valued at $679,000 after purchasing an additional 5,703 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Chatham Lodging Trust during the 4th quarter worth approximately $102,000. 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 purchasing an additional 26,129 shares during the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s 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.