US Bancorp DE Sells 19,993 Shares of Chatham Lodging Trust (NYSE:CLDT)

US Bancorp DE decreased its position in Chatham Lodging Trust (NYSE:CLDT) by 65.4% in the third quarter, Holdings Channel.com reports. The firm owned 10,558 shares of the real estate investment trust’s stock after selling 19,993 shares during the quarter. US Bancorp DE’s holdings in Chatham Lodging Trust were worth $90,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Chatham Lodging Trust during the second quarter valued at approximately $46,000. Quarry LP raised its position 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 purchasing an additional 4,149 shares during the last quarter. Point72 DIFC Ltd bought a new position in Chatham Lodging Trust in the 2nd quarter worth about $63,000. Allspring Global Investments Holdings LLC grew its position in Chatham Lodging Trust by 322.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,939 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 7,587 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of Chatham Lodging Trust during the third quarter valued at approximately $89,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Down 1.6 %

Shares of CLDT stock opened at $8.86 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The stock has a market cap of $433.34 million, a P/E ratio of -38.52 and a beta of 1.79. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.32. The company has a 50 day simple moving average of $8.50 and a two-hundred day simple moving average of $8.52.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Monday, September 30th. Chatham Lodging Trust’s payout ratio is -121.73%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

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.