Donald Smith & CO. Inc. Increases Stake in Chatham Lodging Trust (NYSE:CLDT)

Donald Smith & CO. Inc. boosted its holdings in Chatham Lodging Trust (NYSE:CLDT) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.’s holdings in Chatham Lodging Trust were worth $19,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLDT. SG Americas Securities LLC purchased a new stake in Chatham Lodging Trust during the 3rd quarter valued at about $256,000. Asset Management One Co. Ltd. grew its holdings in Chatham Lodging Trust by 3.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 82,380 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 2,716 shares during the last quarter. LDR Capital Management LLC bought a new position in shares of Chatham Lodging Trust during the third quarter valued at about $108,000. Teacher Retirement System of Texas lifted its holdings in Chatham Lodging Trust by 53.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 29,454 shares of the real estate investment trust’s stock worth $282,000 after buying an additional 10,234 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Chatham Lodging Trust by 8.7% during the third quarter. Nisa Investment Advisors LLC now owns 17,740 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 1,420 shares during the period. 88.37% of the stock is owned by institutional investors.

Chatham Lodging Trust Price Performance

Chatham Lodging Trust stock traded up $0.02 during mid-day trading on Monday, reaching $9.32. The stock had a trading volume of 248,981 shares, compared to its average volume of 223,201. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.08 and a current ratio of 3.08. Chatham Lodging Trust has a one year low of $8.92 and a one year high of $11.32. The company has a 50-day moving average price of $9.95 and a two-hundred day moving average price of $10.16.

Chatham Lodging Trust (NYSE:CLDT) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.38). The firm had revenue of $72.28 million for the quarter, compared to the consensus estimate of $70.46 million. Chatham Lodging Trust had a net margin of 0.85% and a return on equity of 0.33%. During the same period last year, the business earned $0.20 EPS. As a group, equities analysts anticipate that Chatham Lodging Trust will post 1.15 EPS for the current year.

Chatham Lodging Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 3.00%. Chatham Lodging Trust’s dividend payout ratio (DPR) is presently -254.55%.

Analyst Ratings Changes

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

Chatham Lodging Trust Profile

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.