Chatham Lodging Trust (CLDT) : V3 Capital Management scooped up 530,637 additional shares in Chatham Lodging Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,190,047 shares of Chatham Lodging Trust which is valued at $25.8 Million.Chatham Lodging Trust makes up approximately 6.91% of V3 Capital Management’s portfolio.
Other Hedge Funds, Including , Geode Capital Management boosted its stake in CLDT in the latest quarter, The investment management firm added 2,170 additional shares and now holds a total of 253,779 shares of Chatham Lodging Trust which is valued at $5.5 Million. Waterfront Capital Partners sold out all of its stake in CLDT during the most recent quarter. The investment firm sold 401,117 shares of CLDT which is valued $8.7 Million. California Public Employees Retirement System sold out all of its stake in CLDT during the most recent quarter. The investment firm sold 30,900 shares of CLDT which is valued $685,671.
Chatham Lodging Trust opened for trading at $21.16 and hit $21.42 on the upside on Wednesday, eventually ending the session at $21.4, with a gain of 1.37% or 0.29 points. The heightened volatility saw the trading volume jump to 1,49,064 shares. Company has a market cap of $821 M.
On the company’s financial health, Chatham Lodging Trust reported $0.46 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $0.46. The company had revenue of $68.90 million for the quarter, compared to analysts expectations of $67.90 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on Chatham Lodging Trust. Stifel Resumed Chatham Lodging Trust on Mar 29, 2016 to “Hold”, Price Target of the shares are set at $26.Shares were Reiterated by Barclays on Mar 9, 2016 to “Overweight” and Lowered the Price Target to $ 24 from a previous price target of $25 .
Chatham Lodging Trust is a self-advised real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. All of the Company’s assets are held by and all of its operations are conducted through Chatham Lodging L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s wholly owned hotels. As of December 31 2014 the Company owned 34 hotels with an aggregate of 5115 (unaudited) rooms located in 15 states in the United States and the District of Columbia. The Company primarily invests in upscale extended-stay hotels such as Homewood Suites by Hilton and Residence Inn by Marriott. It also invests in premium-branded select-service hotels such as Courtyard by Marriott Hampton Inn and Suites Hyatt Place Hilton Garden Inn by Hilton and SpringHill Suites by Marriott.