Teachers Insurance & Annuity Association of America raised its holdings in shares of Chatham Lodging (NYSE:CLDT) by 19.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,609 shares of the real estate investment trust’s stock after purchasing an additional 9,743 shares during the quarter. Teachers Insurance & Annuity Association of America owned 0.13% of Chatham Lodging worth $1,142,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CLDT. Advisor Group Inc. lifted its position in shares of Chatham Lodging by 91.0% during the fourth quarter. Advisor Group Inc. now owns 7,652 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 3,645 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Chatham Lodging in the fourth quarter valued at about $223,000. BlueCrest Capital Management Ltd bought a new stake in shares of Chatham Lodging in the fourth quarter valued at about $257,000. AMP Capital Investors Ltd bought a new stake in shares of Chatham Lodging in the fourth quarter valued at about $323,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Chatham Lodging in the fourth quarter valued at about $334,000. Institutional investors and hedge funds own 88.21% of the company’s stock.
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In other Chatham Lodging news, Chairman Jeffrey H. Fisher purchased 5,500 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $18.48 per share, for a total transaction of $101,640.00. Following the completion of the purchase, the chairman now owns 691,545 shares of the company’s stock, valued at $12,779,751.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director C Gerald Goldsmith purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were acquired at an average price of $18.32 per share, for a total transaction of $91,600.00. Following the purchase, the director now directly owns 26,328 shares of the company’s stock, valued at approximately $482,328.96. The disclosure for this purchase can be found here. Insiders have bought 14,715 shares of company stock worth $270,485 in the last 90 days. Insiders own 3.40% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Chatham Lodging from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday. ValuEngine downgraded shares of Chatham Lodging from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Cantor Fitzgerald set a $20.00 target price on shares of Chatham Lodging and gave the stock a “hold” rating in a report on Thursday, March 1st. Barclays reduced their target price on shares of Chatham Lodging from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 target price on shares of Chatham Lodging in a report on Tuesday, February 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.83.
Shares of Chatham Lodging stock opened at $19.61 on Friday. The stock has a market capitalization of $896.78 million, a price-to-earnings ratio of 9.16 and a beta of 1.06. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.67. Chatham Lodging has a one year low of $19.42 and a one year high of $19.58.
Chatham Lodging (NYSE:CLDT) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.29). The firm had revenue of $74.03 million during the quarter, compared to the consensus estimate of $70.78 million. Chatham Lodging had a return on equity of 3.69% and a net margin of 9.12%. sell-side analysts anticipate that Chatham Lodging will post 1.93 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.73%. Chatham Lodging’s payout ratio is 61.68%.
Chatham Lodging 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 135 hotels totaling 18,516 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,018 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 12,498 rooms/suites.
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