Eii Capital Management Inc. lowered its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 30.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,995 shares of the real estate investment trust’s stock after selling 3,037 shares during the period. Eii Capital Management Inc.’s holdings in Chesapeake Lodging Trust were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its position in Chesapeake Lodging Trust by 105.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 682,205 shares of the real estate investment trust’s stock valued at $21,919,000 after purchasing an additional 349,690 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Chesapeake Lodging Trust by 25.8% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 599,600 shares of the real estate investment trust’s stock worth $19,229,000 after acquiring an additional 122,900 shares in the last quarter. Securian Asset Management Inc acquired a new stake in shares of Chesapeake Lodging Trust during the 3rd quarter worth about $795,000. First Trust Advisors LP raised its position in shares of Chesapeake Lodging Trust by 139.3% during the 3rd quarter. First Trust Advisors LP now owns 179,360 shares of the real estate investment trust’s stock worth $5,752,000 after acquiring an additional 104,413 shares in the last quarter. Finally, First Quadrant L P CA acquired a new stake in shares of Chesapeake Lodging Trust during the 3rd quarter worth about $404,000. 97.57% of the stock is currently owned by institutional investors.
Several brokerages have recently weighed in on CHSP. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Royal Bank of Canada reissued a “hold” rating and set a $30.00 target price on shares of Chesapeake Lodging Trust in a research report on Monday, July 30th. Robert W. Baird raised their target price on Chesapeake Lodging Trust from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. Finally, ValuEngine lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.86.
Shares of CHSP stock opened at $28.60 on Friday. Chesapeake Lodging Trust has a twelve month low of $24.98 and a twelve month high of $33.81. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 2.51 and a beta of 0.88. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.80.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Chesapeake Lodging Trust had a net margin of 12.84% and a return on equity of 7.39%. The company had revenue of $156.35 million during the quarter, compared to analysts’ expectations of $157.13 million. During the same quarter last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Chesapeake Lodging Trust will post 2.35 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a $0.40 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 5.59%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is currently 73.73%.
Chesapeake Lodging Trust Profile
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust REIT focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.
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