Chatham Lodging Trust is experiencing downward pressure as investors react to broader market conditions and specific developments within the real estate investment trust (REIT) sector. The S&P 500 Index is down 0.6% as of 10:23 a.m. in New York, reflecting investor caution ahead of the Federal Reserve's rate decision and economic forecasts. This broader market sentiment is likely influencing REITs, including Chatham Lodging Trust, as interest rate decisions can significantly impact real estate investments. Additionally, the recent reduction in institutional holdings, as reported by Y Intercept Hong Kong Ltd, which lowered its position in Chatham Lodging Trust by 70.3% in the third quarter, may also be contributing to the stock's current performance.
The current price of Chatham Lodging Trust (CLDT) is $9.62, marking a 0.93% decrease from the previous close.