Short Interest To Observe: Can Chatham Lodging Trust (NYSE:CLDT)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 29, 2016 - By Dolores Ford   ·   0 Comments

Short Interest To Observe: Can Chatham Lodging Trust (NYSE:CLDT)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Chatham Lodging Trust (NYSE:CLDT) registered an increase of 20.95% in short interest. CLDT’s total short interest was 1.01M shares in November as published by FINRA. Its up 20.95% from 837,800 shares, reported previously. With 161,000 shares average volume, it will take short sellers 6 days to cover their CLDT’s short positions. The short interest to Chatham Lodging Trust’s float is 2.74%. About 185,054 shares traded hands. Chatham Lodging Trust (NYSE:CLDT) has declined 8.60% since April 26, 2016 and is downtrending. It has underperformed by 13.86% the S&P500.

Chatham Lodging Trust is a real estate investment trust organized to invest primarily in premium-branded upscale extended-stay and select-service hotels. The company has a market cap of $752.67 million. The Company’s assets are held by, and all of its activities are conducted through Chatham Lodging, L.P (Operating Partnership). It has a 22.91 P/E ratio. The Operating Partnership and its subsidiaries lease the Company’s hotels.

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.13, from 1.27 in 2016Q1. The ratio increased, as 11 funds sold all Chatham Lodging Trust shares owned while 37 reduced positions. 8 funds bought stakes while 53 increased positions. They now own 30.71 million shares or 8.45% less from 33.54 million shares in 2016Q1.
Forward Management Lc holds 3.55% of its portfolio in Chatham Lodging Trust (NYSE:CLDT) for 1.93M shares. Blackrock holds 308,369 shares or 0% of its portfolio. The Belgium-based Kbc Group Nv has invested 0% in Chatham Lodging Trust (NYSE:CLDT). Parametric Portfolio Assoc Lc holds 62,498 shares or 0% of its portfolio. Moreover, Teachers Ins & Annuity Association Of America has 0.04% invested in Chatham Lodging Trust (NYSE:CLDT) for 40,150 shares. Mizuho Banking Com Limited has invested 0% of its portfolio in Chatham Lodging Trust (NYSE:CLDT). Metropolitan Life Comm reported 30,110 shares or 0% of all its holdings. Westpac Corp has 0% invested in the company for 82,700 shares. Amer Century last reported 0.01% of its portfolio in the stock. Invesco Ltd has 0% invested in the company for 22,356 shares. The California-based Phocas Corporation has invested 0.02% in Chatham Lodging Trust (NYSE:CLDT). The Pennsylvania-based Pnc Services Grp has invested 0% in Chatham Lodging Trust (NYSE:CLDT). State Common Retirement Fund accumulated 0% or 38,600 shares. Creative Planning owns 250 shares or 0% of their US portfolio. Fisher Asset Management Limited last reported 54,276 shares in the company.

Insider Transactions: Since November 7, 2016, the stock had 3 insider buys, and 0 insider sales for $503,090 net activity. $34,880 worth of Chatham Lodging Trust (NYSE:CLDT) was bought by Willis Peter on Tuesday, November 8. CRAVEN DENNIS M bought $34,460 worth of stock. FISHER JEFFREY H also bought $433,750 worth of Chatham Lodging Trust (NYSE:CLDT) shares.

Chatham Lodging Trust (NYSE:CLDT) Ratings Coverage

Out of 7 analysts covering Chatham Lodging (NYSE:CLDT), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Chatham Lodging has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded Chatham Lodging Trust (NYSE:CLDT) on Thursday, August 4 to “Equal-Weight” rating. The firm earned “Mkt Perform” rating on Tuesday, October 11 by FBR Capital. The stock of Chatham Lodging Trust (NYSE:CLDT) earned “Neutral” rating by SunTrust on Thursday, August 4. The rating was downgraded by FBR Capital to “Market Perform” on Thursday, August 4. FBR Capital initiated it with “Outperform” rating and $27.0 target price in Friday, November 20 report. The rating was downgraded by Cantor Fitzgerald to “Hold” on Wednesday, October 12. JMP Securities maintained the shares of CLDT in a report on Tuesday, August 11 with “Market Outperform” rating. Barclays Capital maintained the shares of CLDT in a report on Wednesday, March 9 with “Overweight” rating. On Monday, November 7 the stock rating was maintained by FBR Capital with “Mkt Perform”. The rating was initiated by BB&T Capital on Friday, January 8 with “Buy”.

CLDT Company Profile

Chatham Lodging Trust, incorporated on October 26, 2009, is a 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 activities are conducted through, Chatham Lodging, L.P (Operating Partnership). The Operating Partnership and its subsidiaries lease the Company’s hotels. The Firm owns approximately 40 hotels with over 5,680 (unaudited) rooms located in 15 states in the United States and the District of Columbia.

More notable recent Chatham Lodging Trust (NYSE:CLDT) news were published by: Forbes.com which released: “Ex-Dividend Reminder: SunTrust Banks, Chatham Lodging Trust and Qualcomm” on August 25, 2016, also Zacks.com with their article: “Chatham Lodging Trust (CLDT): Moving Average Crossover Alert” published on October 13, 2016, Valuewalk.com published: “The Best Of The Best Monthly Dividend Stocks: Chatham Lodging Trust” on May 25, 2016. More interesting news about Chatham Lodging Trust (NYSE:CLDT) were released by: Nasdaq.com and their article: “Chatham Lodging Trust (REIT) (CLDT) Ex-Dividend Date Scheduled for November 28 …” published on November 25, 2016 as well as Businesswire.com‘s news article titled: “Chatham Lodging Trust Announces 2015 Distribution Characterization” with publication date: January 29, 2016.

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By Dolores Ford


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