Chatham Lodging Trust (NYSE:CLDT) Shares Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. increased its holdings in shares of Chatham Lodging Trust (NYSE:CLDT) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,799,074 shares of the real estate investment trust’s stock after purchasing an additional 118,637 shares during the period. Donald Smith & CO. Inc. owned 3.68% of Chatham Lodging Trust worth $19,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CLDT. GSA Capital Partners LLP lifted its position in Chatham Lodging Trust by 105.7% during the 3rd quarter. GSA Capital Partners LLP now owns 145,560 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 74,813 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Chatham Lodging Trust by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 720,002 shares of the real estate investment trust’s stock valued at $6,890,000 after purchasing an additional 48,959 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Chatham Lodging Trust during the 3rd quarter worth $286,000. SG Americas Securities LLC purchased a new position in Chatham Lodging Trust in the 3rd quarter valued at about $256,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Chatham Lodging Trust during the fourth quarter valued at about $262,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Chatham Lodging Trust Trading Up 0.2 %

Shares of CLDT traded up $0.02 during mid-day trading on Monday, reaching $9.32. The company’s stock had a trading volume of 248,981 shares, compared to its average volume of 223,201. The business has a fifty day moving average of $9.95 and a 200 day moving average of $10.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.08 and a quick ratio of 3.08. Chatham Lodging Trust has a 1 year low of $8.92 and a 1 year high of $11.32.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.38). Chatham Lodging Trust had a net margin of 0.85% and a return on equity of 0.33%. The business had revenue of $72.28 million for the quarter, compared to the consensus estimate of $70.46 million. During the same quarter in the prior year, the business posted $0.20 EPS. Sell-side analysts predict that Chatham Lodging Trust will post 1.15 EPS for the current fiscal year.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.00%. Chatham Lodging Trust’s payout ratio is -254.55%.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price target on Chatham Lodging Trust from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th.

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.