Chatham Lodging Trust (CLDT) is experiencing a notable price increase, driven by significant institutional activity. UBS Asset Management Americas LLC has substantially increased its holdings in CLDT by 85.9% during the third quarter, as per their latest SEC filing on December 19, 2024. This move reflects growing confidence in the real estate investment trust, as UBS now owns 122,919 shares valued at approximately $1,047,000. Additionally, other institutional investors have also been active, with GSA Capital Partners LLP boosting its stake by 30.8% and Quest Partners LLC increasing its holdings by 3,633.4% in the second quarter. These substantial investments indicate a positive outlook for CLDT, contributing to its upward momentum.
The stock's performance is further supported by a broader trend of increased institutional interest. Long Pond Capital LP's new position valued at $5,617,000 and Panagora Asset Management Inc.'s 44.1% increase in shares during the second quarter underscore the growing appeal of Chatham Lodging Trust among major investors. This influx of capital from institutional investors, who now own 88.37% of the company, is a key factor in the stock's current rise.
The current price of Chatham Lodging Trust (CLDT) is $10.00, marking a 10.62% increase from the previous close of $9.04.