Mesirow Financial Investment Management Inc. Makes New Investment in Chatham Lodging Trust (NYSE:CLDT)

Mesirow Financial Investment Management Inc. bought a new position in shares of Chatham Lodging Trust (NYSE:CLDT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,398 shares of the real estate investment trust’s stock, valued at approximately $209,000.

Other institutional investors have also made changes to their positions in the company. Creative Planning acquired a new position in shares of Chatham Lodging Trust during the 3rd quarter worth approximately $89,000. Ballentine Partners LLC acquired a new position in shares of Chatham Lodging Trust during the 4th quarter worth approximately $102,000. Pensionfund Sabic increased its holdings in shares of Chatham Lodging Trust by 66.7% during the 4th quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 6,000 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Chatham Lodging Trust by 15.1% during the 4th quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 3,264 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Chatham Lodging Trust during the 4th quarter worth approximately $233,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Stock Performance

Shares of NYSE CLDT opened at $8.38 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s fifty day moving average price is $8.58 and its two-hundred day moving average price is $8.69. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $10.46. The firm has a market cap of $410.17 million, a price-to-earnings ratio of -36.41 and a beta of 1.82.

Chatham Lodging Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio is -450.00%.

Analyst Upgrades and Downgrades

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

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.