Chatham Lodging Trust (NYSE:CLDT) Short Interest Down 6.6% in December

Chatham Lodging Trust (NYSE:CLDT) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 353,000 shares, a decline of 6.6% from the December 15th total of 377,900 shares. Based on an average trading volume of 383,800 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 acquiring an additional 56,804 shares during the last quarter. GSA Capital Partners LLP increased its position in Chatham Lodging Trust by 30.8% in the third quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock worth $2,622,000 after purchasing an additional 72,420 shares during the period. Barclays PLC raised its holdings in Chatham Lodging Trust by 76.1% during the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after purchasing an additional 121,920 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Chatham Lodging Trust by 95.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 632,550 shares of the real estate investment trust’s stock valued at $5,389,000 after purchasing an additional 308,883 shares during the period. Finally, Geode Capital Management LLC lifted its position in Chatham Lodging Trust by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,326 shares of the real estate investment trust’s stock valued at $10,953,000 after purchasing an additional 26,129 shares during the period. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Price Performance

NYSE:CLDT traded up $0.02 during mid-day trading on Monday, reaching $8.81. 341,573 shares of the company were exchanged, compared to its average volume of 194,111. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The stock has a market cap of $431.05 million, a PE ratio of -38.32 and a beta of 1.81. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $11.10. The company has a fifty day moving average of $9.14 and a 200 day moving average of $8.68.

Chatham Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently -121.74%.

Wall Street Analysts Forecast Growth

Separately, 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 price target 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.