Crow Point Partners LLC Invests $24,074,000 in Chatham Lodging Trust (REIT) (CLDT)

Crow Point Partners LLC bought a new position in shares of Chatham Lodging Trust (REIT) (NYSE:CLDT) during the third quarter, Holdings Channel reports. The firm bought 1,250,610 shares of the company’s stock, valued at approximately $24,074,000. Chatham Lodging Trust (REIT) comprises 3.8% of Crow Point Partners LLC’s portfolio, making the stock its 7th largest position.

A number of other hedge funds have also recently made changes to their positions in the stock. Advantus Capital Management Inc raised its stake in Chatham Lodging Trust (REIT) by 0.8% in the third quarter. Advantus Capital Management Inc now owns 52,503 shares of the company’s stock worth $1,011,000 after buying an additional 421 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Chatham Lodging Trust (REIT) by 2.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 23,480 shares of the company’s stock worth $452,000 after buying an additional 520 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Chatham Lodging Trust (REIT) by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,371 shares of the company’s stock worth $118,000 after buying an additional 647 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Chatham Lodging Trust (REIT) by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 185,844 shares of the company’s stock worth $3,577,000 after buying an additional 939 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Chatham Lodging Trust (REIT) by 2.6% in the second quarter. UBS Asset Management Americas Inc. now owns 44,941 shares of the company’s stock worth $988,000 after buying an additional 1,143 shares in the last quarter. 85.17% of the stock is currently owned by institutional investors.

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

Chatham Lodging Trust (NYSE:CLDT) opened at 20.49 on Monday. Chatham Lodging Trust has a 52 week low of $16.45 and a 52 week high of $24.80. The company’s 50 day moving average is $20.52 and its 200-day moving average is $20.07. The firm has a market cap of $783.70 million, a P/E ratio of 23.80 and a beta of 0.98.

The firm also recently announced a monthly dividend, which will be paid on Friday, February 24th. Shareholders of record on Tuesday, January 31st will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend is Friday, January 27th. Chatham Lodging Trust (REIT)’s dividend payout ratio is 155.30%.

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A number of analysts have recently weighed in on CLDT shares. TheStreet lowered Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. FBR & Co cut their price objective on Chatham Lodging Trust (REIT) from $22.00 to $20.00 and set a “mkt perform” rating on the stock in a research report on Monday, November 7th. Barclays PLC reaffirmed a “hold” rating and set a $18.00 price objective on shares of Chatham Lodging Trust (REIT) in a research report on Monday, November 7th. Finally, Zacks Investment Research raised Chatham Lodging Trust (REIT) from a “sell” rating to a “hold” rating in a research report on Monday, December 26th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $20.40.

Chatham Lodging Trust (REIT) Company Profile

Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels.

5 Day Chart for NYSE:CLDT

Want to see what other hedge funds are holding CLDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chatham Lodging Trust (REIT) (NYSE:CLDT).

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