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Texas Permanent School Fund Corp. decreased its holdings in Chatham Lodging Trust (NYSE:CLDT – Free Report) by 33.9% in the 3rd quarter, according to its latest disclosure with the SEC. The institutional investor owned 32,710 shares of the real estate investment trust’s stock after selling his 16,789 shares during the quarter. Texas Permanent School Fund Corporation owned approximately 0.07% of Chatham Lodging Trust, valued at $313,000, as of its latest SEC filing.
Several other institutional investors also changed their holdings in the business. BlackRock Inc. lifted its stake in Chatham Lodging Trust by 10.2% in the 1st quarter. BlackRock Inc. now owns 9,471,592 shares of the real estate investment trust’s stock valued at $99,357,000 after purchasing an additional 874,031 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Chatham Lodging Trust by 275.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 890,825 shares of the real estate investment trust’s stock valued at $9,309,000 after purchasing an additional 653,584 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Chatham Lodging Trust by 85.8% in the 1st quarter. Neuberger Berman Group LLC now owns 965,283 shares of the real estate investment trust’s stock worth $13,311,000 after purchasing an additional 445,640 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Chatham Lodging Trust by 84.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 598,455 shares of the real estate investment trust’s stock valued at $5,602,000 after purchasing an additional 274,018 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised his stake in Chatham Lodging Trust by 25.3% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,265,200 shares of the real estate investment trust’s stock valued at $11,842,000 after purchasing an additional 255,306 shares in the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.
Analyst sets new price target
Separately, StockNews.com upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th.
Check out the latest stock report on CLDT.
Chatham Lodging Trust shares fall 1.6%
NYSE:CLDT opened at $10.43 on Monday. The company has a market capitalization of $509.61 million, a P/E ratio of 260.82x, and a beta of 1.76x. The stock’s 50-day moving average is $10.67 and its 200-day moving average is $10.06. Chatham Lodging Trust’s 52-week low is $8.92 and 52-week high is $12.79. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.48.
Chatham Lodging Trust Dividend Notice
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.07 per share. This equates to an annualized dividend of $0.28 and a dividend yield of 2.68%. The ex-dividend date was Thursday, December 28th. Chatham Lodging Trust’s dividend payout ratio (DPR) is currently 700.18%.
Chatham Lodging Trust Profile
(Free report)
Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in luxury extended stay hotels and luxury branded select-service hotels. The company owns 39 hotels in 16 states and the District of Columbia, totaling 5,915 rooms/suites.
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