Chesapeake Lodging Trust (NYSE:CHSP) Holdings Reduced by Citigroup Inc.

Citigroup Inc. reduced its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 3.2% during the 1st quarter, Holdings Channel reports. The firm owned 67,557 shares of the real estate investment trust’s stock after selling 2,211 shares during the period. Citigroup Inc.’s holdings in Chesapeake Lodging Trust were worth $1,879,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY increased its stake in Chesapeake Lodging Trust by 200.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 22,508 shares of the real estate investment trust’s stock valued at $548,000 after purchasing an additional 15,016 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chesapeake Lodging Trust by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 955,576 shares of the real estate investment trust’s stock valued at $23,268,000 after acquiring an additional 61,413 shares during the period. United Services Automobile Association boosted its holdings in shares of Chesapeake Lodging Trust by 9.2% in the fourth quarter. United Services Automobile Association now owns 64,260 shares of the real estate investment trust’s stock valued at $1,565,000 after acquiring an additional 5,404 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Chesapeake Lodging Trust by 6.0% in the fourth quarter. Two Sigma Advisers LP now owns 86,900 shares of the real estate investment trust’s stock valued at $2,116,000 after acquiring an additional 4,910 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its holdings in shares of Chesapeake Lodging Trust by 32.4% in the fourth quarter. Virginia Retirement Systems ET AL now owns 29,000 shares of the real estate investment trust’s stock valued at $706,000 after acquiring an additional 7,100 shares during the period. Institutional investors own 97.81% of the company’s stock.

CHSP stock opened at $28.85 on Friday. The company has a market capitalization of $1.75 billion, a PE ratio of 12.33, a PEG ratio of 2.39 and a beta of 1.04. Chesapeake Lodging Trust has a twelve month low of $23.68 and a twelve month high of $33.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.55 and a quick ratio of 1.55.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.30). The firm had revenue of $133.70 million during the quarter, compared to analyst estimates of $134.00 million. Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. Chesapeake Lodging Trust’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. On average, sell-side analysts predict that Chesapeake Lodging Trust will post 2.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Thursday, June 27th. Chesapeake Lodging Trust’s dividend payout ratio is presently 68.38%.

Several equities research analysts have recently weighed in on the company. Robert W. Baird downgraded Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Wednesday, May 8th. Zacks Investment Research raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, May 22nd. Wells Fargo & Co reissued a “hold” rating on shares of Chesapeake Lodging Trust in a report on Friday, February 22nd. Finally, Deutsche Bank reissued a “hold” rating and issued a $30.00 price objective on shares of Chesapeake Lodging Trust in a report on Monday, February 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $30.60.

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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.

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Institutional Ownership by Quarter for Chesapeake Lodging Trust (NYSE:CHSP)

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