Renaissance Technologies LLC Raises Stock Position in Chatham Lodging Trust (NYSE:CLDT)

Renaissance Technologies LLC increased its holdings in Chatham Lodging Trust (NYSE:CLDT) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,727,300 shares of the real estate investment trust’s stock after acquiring an additional 158,500 shares during the quarter. Renaissance Technologies LLC owned approximately 3.68% of Chatham Lodging Trust worth $32,594,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Mason Street Advisors LLC increased its holdings in shares of Chatham Lodging Trust by 3.5% in the 1st quarter. Mason Street Advisors LLC now owns 14,952 shares of the real estate investment trust’s stock valued at $288,000 after acquiring an additional 506 shares during the period. Piedmont Investment Advisors Inc. increased its holdings in shares of Chatham Lodging Trust by 5.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 11,711 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 652 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Chatham Lodging Trust by 14.1% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,433 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 1,169 shares during the period. Texas Permanent School Fund increased its holdings in shares of Chatham Lodging Trust by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 31,611 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 1,171 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Chatham Lodging Trust in the 2nd quarter valued at $25,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on CLDT shares. Zacks Investment Research cut shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. B. Riley cut their target price on shares of Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. ValuEngine cut shares of Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Barclays set a $18.00 price objective on shares of Chatham Lodging Trust and gave the company a “hold” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.00.

In other news, Director Robert D. Perlmutter acquired 2,500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $16.40 per share, with a total value of $41,000.00. Following the purchase, the director now owns 45,666 shares of the company’s stock, valued at approximately $748,922.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.60% of the company’s stock.

CLDT traded up $0.12 during trading on Friday, hitting $18.17. The stock had a trading volume of 2,434 shares, compared to its average volume of 227,624. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $857.23 million, a P/E ratio of 9.40 and a beta of 1.06. The company’s 50-day moving average price is $17.24 and its 200 day moving average price is $18.82. Chatham Lodging Trust has a twelve month low of $16.29 and a twelve month high of $21.74.

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be paid a $0.11 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.32 annualized dividend and a yield of 7.26%. Chatham Lodging Trust’s dividend payout ratio is currently 67.69%.

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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