Raymond James Financial Services Advisors Inc. Takes $239,000 Position in Chatham Lodging Trust (REIT) (CLDT)

Raymond James Financial Services Advisors Inc. acquired a new stake in Chatham Lodging Trust (REIT) (NYSE:CLDT) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 11,896 shares of the real estate investment trust’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinebridge Investments L.P. acquired a new position in shares of Chatham Lodging Trust (REIT) in the 2nd quarter valued at approximately $101,000. State of Alaska Department of Revenue acquired a new position in shares of Chatham Lodging Trust (REIT) in the 2nd quarter valued at approximately $151,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Chatham Lodging Trust (REIT) in the 2nd quarter valued at approximately $167,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Chatham Lodging Trust (REIT) in the 2nd quarter valued at approximately $182,000. Finally, HighTower Advisors LLC acquired a new position in shares of Chatham Lodging Trust (REIT) in the 1st quarter valued at approximately $208,000. Institutional investors and hedge funds own 79.14% of the company’s stock.

Several research firms have commented on CLDT. Zacks Investment Research upgraded Chatham Lodging Trust (REIT) from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, October 6th. JMP Securities upgraded Chatham Lodging Trust (REIT) from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Stifel Nicolaus restated a “hold” rating and issued a $19.50 target price on shares of Chatham Lodging Trust (REIT) in a research note on Thursday, September 7th. Janney Montgomery Scott began coverage on Chatham Lodging Trust (REIT) in a research note on Friday, September 15th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, BidaskClub cut Chatham Lodging Trust (REIT) from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $21.08.

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Shares of Chatham Lodging Trust (NYSE:CLDT) opened at $22.84 on Friday. The company has a market capitalization of $1,036.32, a P/E ratio of 10.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42. Chatham Lodging Trust has a 12 month low of $18.66 and a 12 month high of $23.27.

Chatham Lodging Trust (REIT) (NYSE:CLDT) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Chatham Lodging Trust (REIT) had a return on equity of 3.90% and a net margin of 9.03%. The company had revenue of $81.40 million for the quarter, compared to analysts’ expectations of $80.12 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. equities research analysts expect that Chatham Lodging Trust will post 2.17 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 24th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend is Monday, October 30th. Chatham Lodging Trust (REIT)’s dividend payout ratio is currently 194.12%.

Chatham Lodging Trust (REIT) Company Profile

Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). As of December 31, 2016, the Company owned 38 hotels with an aggregate of 5,712 rooms located in 15 states and the District of Columbia.

Institutional Ownership by Quarter for Chatham Lodging Trust (REIT) (NYSE:CLDT)

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