Nisa Investment Advisors LLC Reduces Holdings in Chatham Lodging Trust (NYSE:CLDT)

Nisa Investment Advisors LLC trimmed its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,909 shares of the real estate investment trust’s stock after selling 1,831 shares during the period. Nisa Investment Advisors LLC’s holdings in Chatham Lodging Trust were worth $171,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LSV Asset Management increased its stake in shares of Chatham Lodging Trust by 3.4% during the 3rd quarter. LSV Asset Management now owns 158,162 shares of the real estate investment trust’s stock worth $1,514,000 after purchasing an additional 5,162 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Chatham Lodging Trust by 5.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 94,910 shares of the real estate investment trust’s stock worth $908,000 after acquiring an additional 5,282 shares during the period. Belpointe Asset Management LLC grew its stake in Chatham Lodging Trust by 12.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 32,694 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 3,526 shares during the period. Vanguard Group Inc. grew its stake in Chatham Lodging Trust by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,779,061 shares of the real estate investment trust’s stock worth $55,306,000 after acquiring an additional 21,758 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in Chatham Lodging Trust by 3.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 82,380 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 2,716 shares during the period. 88.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their target price on shares of Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday.

Chatham Lodging Trust Stock Up 0.4 %

Shares of CLDT opened at $9.29 on Friday. The firm has a market cap of $454.32 million, a PE ratio of -84.45 and a beta of 1.74. The company’s fifty day moving average is $10.07 and its two-hundred day moving average is $10.17. Chatham Lodging Trust has a fifty-two week low of $8.92 and a fifty-two week high of $11.32. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.49.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). The company had revenue of $72.28 million during the quarter, compared to analyst estimates of $70.46 million. Chatham Lodging Trust had a net margin of 0.85% and a return on equity of 0.33%. During the same quarter last year, the business earned $0.20 EPS. Analysts forecast that Chatham Lodging Trust will post 1.15 earnings per share for the current year.

Chatham Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.01%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -254.55%.

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.