Magnetar Financial LLC Invests $388,000 in Chatham Lodging Trust (NYSE:CLDT)

Magnetar Financial LLC bought a new position in shares of Chatham Lodging Trust (NYSE:CLDT) during the 4th quarter, Holdings Channel reports. The firm bought 43,376 shares of the real estate investment trust’s stock, valued at approximately $388,000.

Other large investors have also made changes to their positions in the company. Ballentine Partners LLC acquired a new position in shares of Chatham Lodging Trust during the fourth quarter valued at $102,000. Pensionfund Sabic lifted its stake in shares of Chatham Lodging Trust by 66.7% during the fourth quarter. Pensionfund Sabic now owns 15,000 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 6,000 shares during the period. Intech Investment Management LLC acquired a new position in shares of Chatham Lodging Trust during the fourth quarter valued at $155,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Chatham Lodging Trust during the fourth quarter valued at $209,000. Finally, SG Americas Securities LLC lifted its stake in Chatham Lodging Trust by 15.1% in the fourth quarter. SG Americas Securities LLC now owns 24,942 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 3,264 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

Analysts Set New Price Targets

CLDT has been the topic of several analyst reports. Alliance Global Partners initiated coverage on Chatham Lodging Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price on the stock. StockNews.com raised Chatham Lodging Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th.

Chatham Lodging Trust Trading Down 2.9 %

NYSE:CLDT opened at $7.42 on Friday. Chatham Lodging Trust has a 1-year low of $7.26 and a 1-year high of $10.27. The business’s 50-day moving average price is $8.36 and its two-hundred day moving average price is $8.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $363.15 million, a price-to-earnings ratio of -32.24 and a beta of 1.82.

Chatham Lodging Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, March 31st. Chatham Lodging Trust’s dividend payout ratio is currently -450.00%.

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.