Geode Capital Management LLC boosted its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 9.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 664,535 shares of the real estate investment trust’s stock after buying an additional 59,972 shares during the period. Geode Capital Management LLC owned about 1.13% of Chesapeake Lodging Trust worth $15,922,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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. boosted its stake in shares of 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 worth $113,000 after buying an additional 1,500 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Chesapeake Lodging Trust during the first quarter worth approximately $123,000. Quantbot Technologies LP bought a new stake in shares of Chesapeake Lodging Trust during the first quarter worth approximately $184,000. Finally, ProShare Advisors LLC boosted its stake in shares of 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 worth $197,000 after buying an additional 386 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.
Chesapeake Lodging Trust (CHSP) opened at 25.41 on Monday. The company has a 50-day moving average of $24.91 and a 200-day moving average of $24.37. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 26.01 and a beta of 1.13.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. Chesapeake Lodging Trust’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. On average, equities analysts forecast that Chesapeake Lodging Trust will post $0.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given 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 yield of 6.30%. Chesapeake Lodging Trust’s payout ratio is presently 164.95%.
A number of brokerages have recently commented on CHSP. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday. Deutsche Bank AG reissued a “hold” rating and issued a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Robert W. Baird reissued an “outperform” rating and issued a $27.00 price target (up from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.20.
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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