Y Intercept Hong Kong Ltd Acquires 46,820 Shares of Chatham Lodging Trust (NYSE:CLDT)

Y Intercept Hong Kong Ltd grew its holdings in Chatham Lodging Trust (NYSE:CLDT) by 100.6% during the 4th quarter, Holdings Channel reports. The firm owned 93,352 shares of the real estate investment trust’s stock after purchasing an additional 46,820 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Chatham Lodging Trust were worth $836,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CLDT. Creative Planning bought a new position in Chatham Lodging Trust during the 3rd quarter worth approximately $89,000. Ballentine Partners LLC acquired a new stake in shares of Chatham Lodging Trust in the fourth quarter valued at approximately $102,000. Pensionfund Sabic raised its holdings in shares of Chatham Lodging Trust by 66.7% in the fourth quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 6,000 shares during the last quarter. SG Americas Securities LLC increased its holdings in Chatham Lodging Trust by 15.1% during the fourth quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 3,264 shares during the last quarter. Finally, Summit Global Investments acquired a new position in Chatham Lodging Trust during the third quarter worth $238,000. Institutional investors own 88.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners initiated coverage on shares of 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 Price Performance

Shares of CLDT opened at $8.07 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 company’s fifty day simple moving average is $8.72 and its 200 day simple moving average is $8.68. Chatham Lodging Trust has a 1-year low of $7.60 and a 1-year high of $10.54. The company has a market cap of $394.52 million, a price-to-earnings ratio of -35.07 and a beta of 1.80.

Chatham Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a yield of 3.47%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -350.00%.

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.