Fox Run Management L.L.C. Invests $240,000 in Chatham Lodging Trust (NYSE:CLDT)

Fox Run Management L.L.C. bought a new stake in Chatham Lodging Trust (NYSE:CLDT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,824 shares of the real estate investment trust’s stock, valued at approximately $240,000.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Chatham Lodging Trust in the 4th quarter worth about $25,000. KLP Kapitalforvaltning AS purchased a new stake in Chatham Lodging Trust in the fourth quarter worth approximately $68,000. Ballentine Partners LLC bought a new position in Chatham Lodging Trust during the fourth quarter valued at approximately $102,000. Pensionfund Sabic raised its stake in shares of Chatham Lodging Trust by 66.7% during the fourth quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Chatham Lodging Trust in the 4th quarter worth approximately $155,000. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CLDT. Alliance Global Partners started coverage on shares of Chatham Lodging Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock. StockNews.com cut Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday.

Chatham Lodging Trust Stock Performance

Shares of CLDT stock opened at $7.30 on Friday. The company has a market capitalization of $357.27 million, a P/E ratio of -31.72 and a beta of 1.82. Chatham Lodging Trust has a fifty-two week low of $7.24 and a fifty-two week high of $10.22. 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 stock has a 50 day moving average price of $8.25 and a two-hundred day moving average price of $8.61.

Chatham Lodging Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.10%. Chatham Lodging Trust’s dividend payout ratio is currently -450.00%.

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.