Chatham Lodging Trust (CLDT) : Forward Management scooped up 50,700 additional shares in Chatham Lodging Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 1,926,100 shares of Chatham Lodging Trust which is valued at $42,586,071.Chatham Lodging Trust makes up approximately 3.34% of Forward Management’s portfolio.
Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in CLDT in the latest quarter, The investment management firm added 32,700 additional shares and now holds a total of 44,500 shares of Chatham Lodging Trust which is valued at $983,895.Mizuho Trust Banking Ltd. boosted its stake in CLDT in the latest quarter, The investment management firm added 460 additional shares and now holds a total of 7,538 shares of Chatham Lodging Trust which is valued at $166,665.American Century Companies Inc reduced its stake in CLDT by selling 22 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 412,796 shares of CLDT which is valued at $9,750,242. Chatham Lodging Trust makes up approx 0.01% of American Century Companies Inc’s portfolio.Shinko Asset Management Ltd. reduced its stake in CLDT by selling 10,753 shares or 15.99% in the most recent quarter. The Hedge Fund company now holds 56,476 shares of CLDT which is valued at $1,383,662. Chatham Lodging Trust makes up approx 0.01% of Shinko Asset Management Ltd.’s portfolio.
Chatham Lodging Trust opened for trading at $21.62 and hit $22.0527 on the upside on Monday, eventually ending the session at $21.9, with a gain of 1.34% or 0.29 points. The heightened volatility saw the trading volume jump to 2,16,306 shares. Company has a market cap of $840 M.
On the company’s financial health, Chatham Lodging Trust reported $0.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.71. The company had revenue of $78.00 million for the quarter, compared to analysts expectations of $78.90 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Many Wall Street Analysts have commented on Chatham Lodging Trust. Shares were Downgraded by Barclays on Aug 4, 2016 to ” Equal Weight” and Lowered the Price Target to $ 22 from a previous price target of $24 .Shares were Downgraded by FBR Capital on Aug 4, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 23 from a previous price target of $26 .
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.