Short Interest in Chatham Lodging Trust (NYSE:CLDT) Rises By 32.4%

Chatham Lodging Trust (NYSE:CLDT) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 470,000 shares, a growth of 32.4% from the January 15th total of 354,900 shares. Based on an average daily volume of 287,100 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock.

Institutional Trading of Chatham Lodging Trust

Several large investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. boosted its stake in Chatham Lodging Trust by 30.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,497,679 shares of the real estate investment trust’s stock valued at $40,254,000 after purchasing an additional 1,055,999 shares during the period. State Street Corp boosted its stake in Chatham Lodging Trust by 1.1% during the 3rd quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust’s stock valued at $14,036,000 after purchasing an additional 17,428 shares during the period. Geode Capital Management LLC boosted its stake 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. JPMorgan Chase & Co. boosted its stake in Chatham Lodging Trust by 53.4% during the 4th quarter. JPMorgan Chase & Co. now owns 970,392 shares of the real estate investment trust’s stock valued at $8,685,000 after purchasing an additional 337,842 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Chatham Lodging Trust during the 4th quarter valued at approximately $5,738,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Stock Performance

NYSE CLDT traded down $0.06 on Friday, reaching $8.45. The stock had a trading volume of 172,076 shares, compared to its average volume of 226,428. The business has a 50 day moving average price of $8.94 and a 200 day moving average price of $8.68. Chatham Lodging Trust has a 1 year low of $7.60 and a 1 year high of $10.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 0.96.

Chatham Lodging Trust Announces Dividend

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 3.32%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -121.73%.

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.