LSV Asset Management increased its stake in Chesapeake Lodging (NYSE:CHSP) by 52.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,400 shares of the real estate investment trust’s stock after acquiring an additional 11,900 shares during the period. LSV Asset Management owned approximately 0.06% of Chesapeake Lodging worth $956,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new position in Chesapeake Lodging during the fourth quarter valued at approximately $191,000. Acadian Asset Management LLC acquired a new position in Chesapeake Lodging during the fourth quarter valued at approximately $200,000. Xact Kapitalforvaltning AB acquired a new position in Chesapeake Lodging during the fourth quarter valued at approximately $224,000. Old Mutual Global Investors UK Ltd. acquired a new position in Chesapeake Lodging during the fourth quarter valued at approximately $225,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Chesapeake Lodging during the first quarter valued at approximately $304,000. 95.95% of the stock is currently owned by institutional investors and hedge funds.
CHSP opened at $31.13 on Thursday. The company has a market cap of $1.87 billion, a PE ratio of 14.35, a PEG ratio of 2.59 and a beta of 0.96. Chesapeake Lodging has a 52-week low of $22.88 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.32 and a current ratio of 1.32.
Chesapeake Lodging (NYSE:CHSP) last posted its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The firm had revenue of $135.00 million for the quarter, compared to analysts’ expectations of $134.60 million. Chesapeake Lodging had a net margin of 12.49% and a return on equity of 6.97%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. equities research analysts predict that Chesapeake Lodging will post 2.39 EPS for the current fiscal year.
A number of research analysts have weighed in on CHSP shares. Deutsche Bank lifted their price target on shares of Chesapeake Lodging from $23.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Janney Montgomery Scott reduced their price target on shares of Chesapeake Lodging from $32.00 to $26.32 and set a “fair value” rating on the stock in a research report on Friday, February 16th. Robert W. Baird reaffirmed a “buy” rating and set a $29.00 price target on shares of Chesapeake Lodging in a research report on Friday, February 16th. Finally, Zacks Investment Research raised shares of Chesapeake Lodging from a “sell” rating to a “hold” rating in a research report on Monday, February 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Lodging has an average rating of “Hold” and an average price target of $27.05.
In related news, CEO James L. Francis sold 100,000 shares of Chesapeake Lodging stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $30.44, for a total value of $3,044,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Graham J. Wootten sold 50,000 shares of Chesapeake Lodging stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $30.51, for a total transaction of $1,525,500.00. The disclosure for this sale can be found here. Insiders have sold 225,612 shares of company stock worth $6,821,981 in the last quarter. Insiders own 2.20% of the company’s stock.
Chesapeake Lodging 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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