Eii Capital Management Inc. trimmed its position in Chesapeake Lodging Trust (NYSE:CHSP) by 52.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,742 shares of the real estate investment trust’s stock after selling 11,657 shares during the period. Eii Capital Management Inc.’s holdings in Chesapeake Lodging Trust were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in Chesapeake Lodging Trust in the fourth quarter valued at $571,000. Millennium Management LLC boosted its holdings in Chesapeake Lodging Trust by 295.2% in the fourth quarter. Millennium Management LLC now owns 93,577 shares of the real estate investment trust’s stock valued at $2,535,000 after purchasing an additional 69,898 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Chesapeake Lodging Trust by 43.8% in the fourth quarter. Two Sigma Advisers LP now owns 88,290 shares of the real estate investment trust’s stock valued at $2,392,000 after purchasing an additional 26,900 shares during the last quarter. Heitman Real Estate Securities LLC boosted its holdings in Chesapeake Lodging Trust by 2.9% in the fourth quarter. Heitman Real Estate Securities LLC now owns 407,811 shares of the real estate investment trust’s stock valued at $11,048,000 after purchasing an additional 11,666 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Chesapeake Lodging Trust by 108.3% in the fourth quarter. Deutsche Bank AG now owns 200,808 shares of the real estate investment trust’s stock valued at $5,436,000 after purchasing an additional 104,396 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Chesapeake Lodging Trust (CHSP) opened at $27.29 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.45 and a current ratio of 1.45. Chesapeake Lodging Trust has a 12 month low of $22.55 and a 12 month high of $29.36. The stock has a market cap of $1,647.78, a PE ratio of 12.52, a PEG ratio of 2.29 and a beta of 1.09.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). Chesapeake Lodging Trust had a return on equity of 6.67% and a net margin of 12.34%. The firm had revenue of $142.70 million for the quarter, compared to analysts’ expectations of $143.85 million. During the same period in the previous year, the company earned $0.48 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. research analysts predict that Chesapeake Lodging Trust will post 2.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Wednesday, March 28th. Chesapeake Lodging Trust’s payout ratio is currently 144.14%.
Several research firms have commented on CHSP. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Janney Montgomery Scott lowered their price target on shares of Chesapeake Lodging Trust from $32.00 to $26.32 and set a “fair value” rating on the stock in a report on Friday, February 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price target on shares of Chesapeake Lodging Trust in a report on Friday, February 16th. Finally, Deutsche Bank upped their price target on shares of Chesapeake Lodging Trust from $23.00 to $26.00 and gave the company a “hold” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.72.
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Chesapeake Lodging Trust 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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