Chatham Lodging Trust (NYSE:CLDT) Short Interest Up 25.9% in March

Chatham Lodging Trust (NYSE:CLDT) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 631,800 shares, an increase of 25.9% from the March 15th total of 501,800 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 360,600 shares, the short-interest ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of Chatham Lodging Trust from $11.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, April 16th. StockNews.com lowered shares of Chatham Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

Chatham Lodging Trust Stock Up 0.7 %

CLDT opened at $6.86 on Tuesday. Chatham Lodging Trust has a 1 year low of $5.83 and a 1 year high of $10.00. The firm has a 50 day moving average price of $7.48 and a 200 day moving average price of $8.37. 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 company has a market cap of $336.02 million, a PE ratio of -29.82 and a beta of 1.49.

Chatham Lodging Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.02 per share. The ex-dividend date was Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.17%. Chatham Lodging Trust’s payout ratio is -450.00%.

Institutional Trading of Chatham Lodging Trust

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Chatham Lodging Trust by 565.4% in the first quarter. GAMMA Investing LLC now owns 9,568 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 8,130 shares during the period. PharVision Advisers LLC purchased a new position in Chatham Lodging Trust in the 4th quarter worth approximately $251,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Chatham Lodging Trust by 17.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,134 shares of the real estate investment trust’s stock valued at $1,290,000 after acquiring an additional 21,215 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Chatham Lodging Trust by 37.7% during the fourth quarter. Two Sigma Advisers LP now owns 151,153 shares of the real estate investment trust’s stock valued at $1,353,000 after purchasing an additional 41,400 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Chatham Lodging Trust by 39.7% during the fourth quarter. Two Sigma Investments LP now owns 428,322 shares of the real estate investment trust’s stock valued at $3,833,000 after purchasing an additional 121,749 shares during the period. 88.37% of the stock is currently owned by institutional investors and hedge funds.

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.