Chatham Lodging Trust (NYSE:CLDT) Sees Large Decrease in Short Interest

Chatham Lodging Trust (NYSE:CLDT) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 353,000 shares, a decline of 6.6% from the December 15th total of 377,900 shares. Based on an average daily trading volume, of 383,800 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Alliance Global Partners initiated coverage on Chatham Lodging Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price objective for the company.

Hedge Funds Weigh In On Chatham Lodging Trust

Several institutional investors have recently bought and sold shares of CLDT. Quarry LP lifted its stake in shares of Chatham Lodging Trust by 303.7% in the 2nd quarter. Quarry LP now owns 5,515 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 4,149 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Chatham Lodging Trust during the 2nd quarter worth approximately $63,000. Creative Planning purchased a new position in shares of Chatham Lodging Trust during the 3rd quarter worth approximately $89,000. Magnetar Financial LLC acquired a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at approximately $96,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Chatham Lodging Trust in the fourth quarter valued at approximately $102,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Performance

Shares of NYSE CLDT traded up $0.02 during midday trading on Friday, reaching $8.81. 341,573 shares of the company were exchanged, compared to its average volume of 194,111. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $11.10. The stock has a fifty day simple moving average of $9.14 and a 200 day simple moving average of $8.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Tuesday, December 31st. Chatham Lodging Trust’s dividend payout ratio is presently -121.73%.

Chatham Lodging Trust Company 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.