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Fox Run Management bought $240K of Chatham Lodging shares despite a downgrade to "hold."
Fox Run Management L.L.C.
bought $240,000 worth of Chatham Lodging Trust (CLDT) shares in the fourth quarter.
Chatham Lodging Trust, a REIT focused on upscale hotels, owns 39 properties with 5,915 rooms in 16 states.
The company also declared a quarterly dividend of $0.02 per share.
However, StockNews.com downgraded Chatham's rating from "buy" to "hold," and institutional investment in the company dropped by 9.5% in the same quarter.
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Fox Run Management compró $240K de acciones de Chatham Lodging a pesar de una bajada de categoría a "mantener".