Chatham Lodging Trust (NYSE:CLDT) Shares Pass Below 50 Day Moving Average – Should You Sell?

Chatham Lodging Trust (NYSE:CLDT) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.43 and traded as low as $8.04. Chatham Lodging Trust shares last traded at $8.19, with a volume of 597,978 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th.

Chatham Lodging Trust Price Performance

The stock has a market capitalization of $401.05 million, a price-to-earnings ratio of -68.33 and a beta of 1.79. The business’s fifty day moving average price is $8.44 and its 200-day moving average price is $8.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 1.05.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The firm had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $85.48 million. During the same period in the prior year, the company earned $0.43 EPS. On average, research analysts forecast that Chatham Lodging Trust will post 1.07 EPS for the current year.

Chatham Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Monday, September 30th. Chatham Lodging Trust’s dividend payout ratio is currently -233.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CLDT. Quest Partners LLC boosted its holdings in Chatham Lodging Trust by 3,633.4% during the second quarter. Quest Partners LLC now owns 72,055 shares of the real estate investment trust’s stock worth $614,000 after purchasing an additional 70,125 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Chatham Lodging Trust by 44.1% during the second quarter. Panagora Asset Management Inc. now owns 249,698 shares of the real estate investment trust’s stock worth $2,127,000 after purchasing an additional 76,439 shares during the last quarter. Long Pond Capital LP purchased a new position in Chatham Lodging Trust during the second quarter worth about $5,617,000. BNP Paribas Financial Markets boosted its holdings in Chatham Lodging Trust by 23.4% during the first quarter. BNP Paribas Financial Markets now owns 25,210 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 4,786 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Chatham Lodging Trust during the fourth quarter worth about $125,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.

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.