Short Interest in Chatham Lodging Trust (NYSE:CLDT) Increases By 9.0%

Chatham Lodging Trust (NYSE:CLDT) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 377,900 shares, an increase of 9.0% from the November 30th total of 346,800 shares. Based on an average daily trading volume, of 389,100 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Chatham Lodging Trust

Hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Chatham Lodging Trust by 85.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,919 shares of the real estate investment trust’s stock worth $1,047,000 after buying an additional 56,804 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Chatham Lodging Trust by 30.8% during the 3rd quarter. GSA Capital Partners LLP now owns 307,777 shares of the real estate investment trust’s stock valued at $2,622,000 after acquiring an additional 72,420 shares during the last quarter. Barclays PLC boosted its stake in shares of Chatham Lodging Trust by 76.1% during the 3rd quarter. Barclays PLC now owns 282,195 shares of the real estate investment trust’s stock worth $2,404,000 after acquiring an additional 121,920 shares in the last quarter. FMR LLC boosted its stake in shares of Chatham Lodging Trust by 59.5% during the 3rd quarter. FMR LLC now owns 42,567 shares of the real estate investment trust’s stock worth $363,000 after acquiring an additional 15,877 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Chatham Lodging Trust by 1.1% in the 3rd quarter. State Street Corp now owns 1,634,114 shares of the real estate investment trust’s stock worth $14,036,000 after acquiring an additional 17,428 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors and hedge funds.

Chatham Lodging Trust Price Performance

Shares of NYSE:CLDT traded down $0.03 during trading on Wednesday, reaching $8.95. The company had a trading volume of 210,702 shares, compared to its average volume of 369,988. The firm’s fifty day moving average is $9.03 and its 200 day moving average is $8.65. 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 firm has a market capitalization of $437.75 million, a PE ratio of -38.91 and a beta of 1.82. Chatham Lodging Trust has a twelve month low of $7.60 and a twelve month high of $11.10.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a yield of 3.13%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -121.74%.

Analyst Ratings Changes

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