Chatham Lodging Trust (NYSE:CLDT) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Chatham Lodging Trust (NYSE:CLDT) by 20.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,618 shares of the real estate investment trust’s stock after acquiring an additional 3,843 shares during the period. Nisa Investment Advisors LLC’s holdings in Chatham Lodging Trust were worth $427,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Capital Group LLC boosted its stake in Chatham Lodging Trust by 2,733.8% in the first quarter. Private Capital Group LLC now owns 1,927 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,859 shares during the period. Advisory Services Network LLC boosted its position in shares of Chatham Lodging Trust by 1,548.8% during the fourth quarter. Advisory Services Network LLC now owns 4,930 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 4,631 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Chatham Lodging Trust by 16.9% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,100 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Chatham Lodging Trust by 47.3% during the first quarter. BNP Paribas Arbitrage SA now owns 10,209 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 3,280 shares during the period. Finally, Piedmont Investment Advisors Inc. boosted its position in shares of Chatham Lodging Trust by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 11,711 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 652 shares during the period. Institutional investors own 84.72% of the company’s stock.

Several brokerages have recently issued reports on CLDT. Zacks Investment Research downgraded Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 3rd. B. Riley reduced their price objective on Chatham Lodging Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday.

CLDT traded down $0.23 during trading on Monday, reaching $17.16. The stock had a trading volume of 4,351 shares, compared to its average volume of 248,213. The stock has a market cap of $805.62 million, a price-to-earnings ratio of 8.81 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 1.51 and a debt-to-equity ratio of 0.73. Chatham Lodging Trust has a 1-year low of $17.09 and a 1-year high of $22.03. The stock has a 50 day simple moving average of $18.72.

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, July 31st will be given a $0.11 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $1.32 dividend on an annualized basis and a yield of 7.69%. Chatham Lodging Trust’s dividend payout ratio (DPR) is 67.69%.

Chatham Lodging Trust Company Profile

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,500 rooms/suites.

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

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