GSA Capital Partners LLP Buys 72,420 Shares of Chatham Lodging Trust (NYSE:CLDT)

GSA Capital Partners LLP increased its stake in Chatham Lodging Trust (NYSE:CLDT) by 30.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 307,777 shares of the real estate investment trust’s stock after acquiring an additional 72,420 shares during the period. GSA Capital Partners LLP’s holdings in Chatham Lodging Trust were worth $2,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Donald Smith & CO. Inc. lifted its stake in shares of Chatham Lodging Trust by 3.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,441,680 shares of the real estate investment trust’s stock valued at $29,323,000 after acquiring an additional 111,461 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Chatham Lodging Trust by 1,241.7% in the 2nd quarter. Millennium Management LLC now owns 1,414,852 shares of the real estate investment trust’s stock valued at $12,055,000 after acquiring an additional 1,309,396 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Chatham Lodging Trust by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 957,275 shares of the real estate investment trust’s stock valued at $8,156,000 after acquiring an additional 9,200 shares during the last quarter. Long Pond Capital LP bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at about $5,617,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Chatham Lodging Trust in the 2nd quarter valued at about $2,326,000. Institutional investors own 88.37% of the company’s stock.

Chatham Lodging Trust Trading Up 2.8 %

CLDT opened at $9.23 on Tuesday. The business has a 50 day simple moving average of $8.43 and a two-hundred day simple moving average of $8.52. The firm has a market capitalization of $451.44 million, a price-to-earnings ratio of -40.13 and a beta of 1.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 1.05. Chatham Lodging Trust has a one year low of $7.60 and a one year high of $11.32.

Chatham Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.03%. Chatham Lodging Trust’s dividend payout ratio (DPR) is -121.73%.

Wall Street Analyst Weigh In

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

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.