Clark Estates Inc. NY held its position in Chesapeake Lodging Trust (NYSE:CHSP) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,000 shares of the real estate investment trust’s stock at the end of the second quarter. Clark Estates Inc. NY owned 0.13% of Chesapeake Lodging Trust worth $1,835,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Chesapeake Lodging Trust by 9,194.7% in the first quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock worth $204,947,000 after buying an additional 8,461,612 shares in the last quarter. Morgan Stanley boosted its stake in shares of Chesapeake Lodging Trust by 31.2% in the first quarter. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust’s stock worth $85,770,000 after buying an additional 851,341 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Chesapeake Lodging Trust during the second quarter worth about $18,597,000. Norges Bank purchased a new stake in Chesapeake Lodging Trust during the fourth quarter worth about $17,146,000. Finally, Bank of New York Mellon Corp boosted its stake in Chesapeake Lodging Trust by 38.7% in the first quarter. Bank of New York Mellon Corp now owns 2,109,060 shares of the real estate investment trust’s stock worth $50,534,000 after buying an additional 588,831 shares during the period. 98.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Chesapeake Lodging Trust (CHSP) opened at 24.52 on Friday. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The company has a market cap of $1.45 billion, a PE ratio of 25.07 and a beta of 1.13. The company has a 50 day moving average of $24.92 and a 200 day moving average of $24.36.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The business had revenue of $162.50 million during the quarter, compared to the consensus estimate 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 revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. Equities analysts expect that Chesapeake Lodging Trust will post $0.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend was Wednesday, June 28th. Chesapeake Lodging Trust’s dividend payout ratio is currently 164.95%.
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A number of equities research analysts have issued reports on CHSP shares. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Deutsche Bank AG restated a “hold” rating and set a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Robert W. Baird restated an “outperform” rating and set a $27.00 price target (up from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Finally, TheStreet upgraded shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.20.
Chesapeake Lodging Trust Company Profile
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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