Chatham Lodging Trust (NYSE:CLDT) Short Interest Update

Chatham Lodging Trust (NYSE:CLDT) was the target 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 currently 1.6 days.

Hedge Funds Weigh In On Chatham Lodging Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its stake in Chatham Lodging Trust by 8.0% in the fourth quarter. Northern Trust Corp now owns 506,353 shares of the real estate investment trust’s stock valued at $4,532,000 after purchasing an additional 37,574 shares during the last quarter. Landmark Investment Partners L.P. purchased a new position in Chatham Lodging Trust in the fourth quarter valued at approximately $806,000. Tudor Investment Corp ET AL increased its stake in Chatham Lodging Trust by 79.6% in the fourth quarter. Tudor Investment Corp ET AL now owns 261,047 shares of the real estate investment trust’s stock valued at $2,336,000 after purchasing an additional 115,683 shares during the last quarter. Quarry LP increased its stake in Chatham Lodging Trust by 23.5% in the fourth quarter. Quarry LP now owns 7,487 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Chatham Lodging Trust in the fourth quarter valued at approximately $5,738,000. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Chatham Lodging Trust Stock Down 0.6 %

NYSE:CLDT traded down $0.06 during mid-day trading on Friday, hitting $8.45. The stock had a trading volume of 172,076 shares, compared to its average volume of 226,428. The stock has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $8.68. Chatham Lodging Trust has a twelve month low of $7.60 and a twelve month high of $10.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.

Chatham Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.07 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.28 annualized dividend and a yield of 3.32%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -121.73%.

About Chatham Lodging Trust

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.