Hsbc Holdings PLC Acquires 31,133 Shares of Chatham Lodging Trust (NYSE:CLDT)

Hsbc Holdings PLC lifted its holdings in Chatham Lodging Trust (NYSE:CLDT) by 65.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,015 shares of the real estate investment trust’s stock after purchasing an additional 31,133 shares during the quarter. Hsbc Holdings PLC’s holdings in Chatham Lodging Trust were worth $704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in Chatham Lodging Trust in the 4th quarter worth approximately $25,000. KLP Kapitalforvaltning AS purchased a new position in shares of Chatham Lodging Trust in the 4th quarter worth $68,000. Ballentine Partners LLC bought a new stake in shares of Chatham Lodging Trust in the fourth quarter worth $102,000. Pensionfund Sabic increased its position in 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 valued at $134,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Chatham Lodging Trust in the fourth quarter valued at about $155,000. 88.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CLDT shares. Stifel Nicolaus cut their price target on Chatham Lodging Trust from $11.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, April 16th. StockNews.com lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

Chatham Lodging Trust Price Performance

NYSE CLDT opened at $6.99 on Tuesday. The business’s fifty day moving average is $7.21 and its 200 day moving average is $8.26. Chatham Lodging Trust has a fifty-two week low of $5.83 and a fifty-two week high of $10.00. 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 company has a market capitalization of $342.14 million, a PE ratio of -30.37 and a beta of 1.42.

Chatham Lodging Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.15%. Chatham Lodging Trust’s payout ratio is currently -450.00%.

Chatham Lodging Trust 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.