Chatham Lodging Trust (NYSE: CLDT) is experiencing a notable uptick in its stock price, driven by significant institutional interest and investment activity. Barclays PLC has notably increased its stake in the real estate investment trust by 76.1% during the third quarter, as per its latest 13F filing with the SEC. This move has brought Barclays' total holdings to 282,195 shares, representing approximately 0.58% of Chatham Lodging Trust. This substantial increase in institutional ownership is a strong indicator of confidence in the company's future prospects.
Additionally, other major investors have also shown increased interest in Chatham Lodging Trust. Allspring Global Investments Holdings LLC and Panagora Asset Management Inc. have significantly raised their holdings, with increases of 322.6% and 44.1%, respectively, during the second quarter. Quest Partners LLC and Donald Smith & CO. Inc. have also expanded their positions, further underscoring the growing institutional confidence in the trust. This broad-based institutional buying activity suggests a positive outlook for Chatham Lodging Trust, likely contributing to the upward momentum in its stock price.
The current price of Chatham Lodging Trust's stock is $9.69, reflecting a 4.76% increase from the previous close of $9.25.