Tudor Investment Corp Et Al trimmed its stake in shares of Chatham Lodging Trust (NYSE:CLDT – Get Rating) by 61.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,519 shares of the real estate investment trust’s stock after selling 62,461 shares during the quarter. Tudor Investment Corp Et Al owned about 0.08% of Chatham Lodging Trust worth $390,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLDT. Raymond James & Associates boosted its position in shares of Chatham Lodging Trust by 13.2% in the first quarter. Raymond James & Associates now owns 33,025 shares of the real estate investment trust’s stock valued at $455,000 after acquiring an additional 3,844 shares during the period. Citigroup Inc. boosted its position in shares of Chatham Lodging Trust by 13.9% in the first quarter. Citigroup Inc. now owns 54,186 shares of the real estate investment trust’s stock valued at $747,000 after acquiring an additional 6,597 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Chatham Lodging Trust by 57.5% in the first quarter. PNC Financial Services Group Inc. now owns 8,525 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 3,111 shares during the period. MetLife Investment Management LLC boosted its position in shares of Chatham Lodging Trust by 55.4% in the first quarter. MetLife Investment Management LLC now owns 25,843 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 9,215 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Chatham Lodging Trust by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,043 shares of the real estate investment trust’s stock valued at $580,000 after acquiring an additional 5,184 shares during the period. 84.97% of the stock is owned by institutional investors.
Chatham Lodging Trust Stock Down 2.7 %
CLDT stock opened at $11.85 on Wednesday. The company has a market cap of $578.90 million, a PE ratio of 237.00 and a beta of 1.80. The business has a 50-day simple moving average of $12.97 and a 200 day simple moving average of $12.49. Chatham Lodging Trust has a 52 week low of $9.59 and a 52 week high of $15.04. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.53.
Chatham Lodging Trust Cuts Dividend
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on CLDT shares. B. Riley reduced their target price on shares of Chatham Lodging Trust from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, February 27th. Oppenheimer dropped their price target on Chatham Lodging Trust from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, February 28th. Finally, StockNews.com raised Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chatham Lodging Trust presently has an average rating of “Moderate Buy” and an average target price of $15.67.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust engages in the acquisition and investment in hotel properties. It focuses on the upscale extended-stay and premium branded select-service hotels. The firm’s management evaluates the company’s hotels as a single industry segment because all of the hotels have similar economic characteristics and provide similar services to similar types of customers.
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