Chatham Lodging Trust (NYSE:CLDT) Short Interest Down 13.4% in February

Chatham Lodging Trust (NYSE:CLDT) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 406,900 shares, a decrease of 13.4% from the January 31st total of 470,000 shares. Based on an average daily trading volume, of 267,900 shares, the short-interest ratio is presently 1.5 days.

Chatham Lodging Trust Stock Up 3.3 %

Shares of NYSE CLDT opened at $8.38 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. Chatham Lodging Trust has a 12 month low of $7.60 and a 12 month high of $10.46. The firm has a market capitalization of $410.17 million, a PE ratio of -36.41 and a beta of 1.80. The firm has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $8.68.

Chatham Lodging Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.02 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.08 annualized dividend and a yield of 0.96%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -350.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Chatham Lodging Trust in the 4th quarter worth about $25,000. Lazard Asset Management LLC bought a new position in shares of Chatham Lodging Trust in the 4th quarter worth about $56,000. Quarry LP increased its stake in shares of Chatham Lodging Trust by 23.5% in the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,423 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Chatham Lodging Trust in the 4th quarter worth about $68,000. Finally, Creative Planning bought a new position in shares of Chatham Lodging Trust in the 3rd quarter worth about $89,000. 88.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Alliance Global Partners initiated coverage on shares of Chatham Lodging Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 price objective for the company.

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.