Fisher Asset Management LLC Has $879,000 Stake in Chatham Lodging Trust (REIT) (NYSE:CLDT)

Fisher Asset Management LLC raised its position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) by 38.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 43,767 shares of the real estate investment trust’s stock after buying an additional 12,117 shares during the period. Fisher Asset Management LLC owned approximately 0.11% of Chatham Lodging Trust (REIT) worth $879,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CLDT. Quadrant Capital Management LLC boosted its stake in shares of Chatham Lodging Trust (REIT) by 2.4% in the first quarter. Quadrant Capital Management LLC now owns 33,975 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 800 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Chatham Lodging Trust (REIT) by 11.1% in the first quarter. BNP Paribas Arbitrage SA now owns 13,401 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 1,341 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Chatham Lodging Trust (REIT) by 0.8% in the first quarter. Mutual of America Capital Management LLC now owns 192,681 shares of the real estate investment trust’s stock worth $3,805,000 after buying an additional 1,435 shares in the last quarter. American International Group Inc. raised its stake in shares of Chatham Lodging Trust (REIT) by 7.1% in the first quarter. American International Group Inc. now owns 23,115 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 1,532 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Chatham Lodging Trust (REIT) by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 47,461 shares of the real estate investment trust’s stock worth $937,000 after buying an additional 1,930 shares in the last quarter. Institutional investors and hedge funds own 81.19% of the company’s stock.

Shares of Chatham Lodging Trust (CLDT) traded down 1.50% during midday trading on Friday, hitting $19.75. 772,439 shares of the company were exchanged. The company has a 50-day moving average price of $20.26 and a 200-day moving average price of $19.88. Chatham Lodging Trust has a 52-week low of $16.45 and a 52-week high of $21.74. The stock has a market capitalization of $773.57 million, a price-to-earnings ratio of 29.92 and a beta of 1.05.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.52. Chatham Lodging Trust (REIT) had a return on equity of 3.76% and a net margin of 8.73%. The firm had revenue of $77.90 million for the quarter, compared to analysts’ expectations of $77.84 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts forecast that Chatham Lodging Trust will post $0.59 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Tuesday, August 29th. Chatham Lodging Trust (REIT)’s payout ratio is currently 200.00%.

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A number of equities research analysts recently issued reports on CLDT shares. Zacks Investment Research lowered shares of Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a report on Monday, May 15th. FBR & Co reissued a “hold” rating and issued a $20.00 price objective on shares of Chatham Lodging Trust (REIT) in a report on Friday, May 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Chatham Lodging Trust (REIT) presently has an average rating of “Hold” and a consensus target price of $19.75.

In other news, Director Robert D. Perlmutter sold 2,566 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $20.37, for a total transaction of $52,269.42. Following the completion of the sale, the director now owns 33,258 shares in the company, valued at approximately $677,465.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.

About Chatham Lodging Trust (REIT)

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

Institutional Ownership by Quarter for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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