State of Alaska Department of Revenue Grows Stock Holdings in Chatham Lodging Trust (NYSE:CLDT)

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State of Alaska Department of Revenue grew its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 21.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,397 shares of the real estate investment trust’s stock after purchasing an additional 8,691 shares during the period. State of Alaska Department of Revenue’s holdings in Chatham Lodging Trust were worth $886,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Chatham Lodging Trust by 5.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 17,283 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 842 shares during the period. First Trust Advisors LP grew its position in shares of Chatham Lodging Trust by 22.0% during the 3rd quarter. First Trust Advisors LP now owns 103,754 shares of the real estate investment trust’s stock valued at $1,883,000 after acquiring an additional 18,703 shares during the period. California Public Employees Retirement System grew its position in shares of Chatham Lodging Trust by 97.3% during the 3rd quarter. California Public Employees Retirement System now owns 81,589 shares of the real estate investment trust’s stock valued at $1,481,000 after acquiring an additional 40,242 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Chatham Lodging Trust by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 101,145 shares of the real estate investment trust’s stock valued at $1,836,000 after acquiring an additional 785 shares during the period. Finally, Systematic Financial Management LP grew its position in shares of Chatham Lodging Trust by 90.9% during the 3rd quarter. Systematic Financial Management LP now owns 539,384 shares of the real estate investment trust’s stock valued at $9,790,000 after acquiring an additional 256,794 shares during the period. Hedge funds and other institutional investors own 86.70% of the company’s stock.

CLDT opened at $18.07 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.41 and a current ratio of 1.41. Chatham Lodging Trust has a fifty-two week low of $16.29 and a fifty-two week high of $21.74. The firm’s fifty day moving average is $18.16 and its 200 day moving average is $17.90. The stock has a market cap of $847.93 million, a price-to-earnings ratio of 9.46 and a beta of 1.06.

Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.36). Chatham Lodging Trust had a net margin of 6.31% and a return on equity of 2.62%. The firm had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $89.05 million. On average, equities research analysts predict that Chatham Lodging Trust will post 1.83 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date of this dividend is Thursday, January 30th. Chatham Lodging Trust’s dividend payout ratio (DPR) is 67.69%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 27th. BMO Capital Markets assumed coverage on shares of Chatham Lodging Trust in a research report on Wednesday, October 16th. They set a “market perform” rating and a $17.00 price objective for the company. Finally, ValuEngine raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, Chatham Lodging Trust has an average rating of “Hold” and a consensus price target of $18.75.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,500 rooms/suites.

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Institutional Ownership by Quarter for Chatham Lodging Trust (NYSE:CLDT)

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