Chatham Lodging Trust (NYSE:CLDT) Short Interest Up 22.4% in March

Chatham Lodging Trust (NYSE:CLDT) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 501,800 shares, a growth of 22.4% from the February 28th total of 410,000 shares. Based on an average daily trading volume, of 323,300 shares, the short-interest ratio is presently 1.6 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Trading of Chatham Lodging Trust

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can acquired a new stake in shares of Chatham Lodging Trust in the third quarter valued at approximately $2,162,000. FMR LLC increased its stake in shares of Chatham Lodging Trust by 59.5% in the 3rd quarter. FMR LLC now owns 42,567 shares of the real estate investment trust’s stock worth $363,000 after acquiring an additional 15,877 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Chatham Lodging Trust by 85.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust’s stock worth $1,047,000 after purchasing an additional 56,804 shares during the last quarter. Repertoire Partners LP acquired a new position in Chatham Lodging Trust in the 3rd quarter valued at about $2,556,000. Finally, State Street Corp boosted its holdings in Chatham Lodging Trust by 1.1% in the 3rd quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust’s stock valued at $14,036,000 after purchasing an additional 17,428 shares during the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Down 4.7 %

NYSE CLDT opened at $6.81 on Thursday. The business has a fifty day moving average price of $8.12 and a 200 day moving average price of $8.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $333.32 million, a P/E ratio of -29.76 and a beta of 1.49. Chatham Lodging Trust has a one year low of $6.81 and a one year high of $10.16.

Chatham Lodging Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio is currently -450.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com downgraded Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Alliance Global Partners started coverage on Chatham Lodging Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $12.00 target price on the stock.

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.