Ranger Global Real Estate Advisors LLC increased its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,700 shares of the real estate investment trust’s stock after buying an additional 11,000 shares during the period. Chesapeake Lodging Trust makes up about 1.4% of Ranger Global Real Estate Advisors LLC’s investment portfolio, making the stock its 29th largest position. Ranger Global Real Estate Advisors LLC owned approximately 0.26% of Chesapeake Lodging Trust worth $3,737,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Chesapeake Lodging Trust by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 477 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Chesapeake Lodging Trust by 46.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,500 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Chesapeake Lodging Trust during the first quarter valued at $123,000. Quantbot Technologies LP bought a new position in Chesapeake Lodging Trust during the first quarter valued at $184,000. Finally, ProShare Advisors LLC raised its position in Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 386 shares during the last quarter. Institutional investors own 97.53% of the company’s stock.
Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded down 0.948% during trading on Friday, reaching $24.545. 89,995 shares of the company’s stock were exchanged. Chesapeake Lodging Trust has a 12 month low of $20.81 and a 12 month high of $27.08. The stock has a 50-day moving average price of $24.67 and a 200 day moving average price of $24.42. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 22.560 and a beta of 1.13.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $134.90 million during the quarter, compared to the consensus estimate of $132.06 million. Chesapeake Lodging Trust had a return on equity of 6.07% and a net margin of 11.77%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, analysts forecast that Chesapeake Lodging Trust will post $0.79 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.46%. Chesapeake Lodging Trust’s dividend payout ratio is currently 146.79%.
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Several equities analysts recently weighed in on the stock. Deutsche Bank AG restated a “hold” rating and set a $22.00 price target (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday. Zacks Investment Research lowered shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Robert W. Baird restated an “outperform” rating and set a $27.00 price target (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Finally, TheStreet lowered shares of Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.25.
About Chesapeake Lodging Trust
Chesapeake Lodging Trust is a real estate investment trust. The Company is focused on investments primarily in upper-upscale hotels in various business and convention markets and, on a selective basis, select-service hotels in urban settings or other locations in the United States. The Company operates through the hotel ownership segment.
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