Goldman Sachs Group Inc. trimmed its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 13.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,462,778 shares of the real estate investment trust’s stock after selling 1,113,979 shares during the quarter. Goldman Sachs Group Inc. owned about 12.41% of Chesapeake Lodging Trust worth $202,167,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of CHSP. AMP Capital Investors Ltd lifted its stake in shares of Chesapeake Lodging Trust by 707.5% in the 4th quarter. AMP Capital Investors Ltd now owns 1,583,954 shares of the real estate investment trust’s stock worth $42,909,000 after purchasing an additional 1,387,804 shares during the period. Barings LLC bought a new position in shares of Chesapeake Lodging Trust in the 4th quarter worth approximately $16,182,000. BlackRock Inc. lifted its stake in shares of Chesapeake Lodging Trust by 3.7% in the 4th quarter. BlackRock Inc. now owns 9,107,523 shares of the real estate investment trust’s stock worth $246,723,000 after purchasing an additional 327,720 shares during the period. Virginia Retirement Systems ET AL bought a new position in shares of Chesapeake Lodging Trust in the 3rd quarter worth approximately $3,155,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Chesapeake Lodging Trust by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 377,987 shares of the real estate investment trust’s stock worth $10,205,000 after purchasing an additional 105,424 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $27.31 on Monday. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $29.36. The company has a market cap of $1,648.99, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.79.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend is Wednesday, March 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is currently 144.14%.
A number of equities research analysts have commented on the stock. Robert W. Baird set a $30.00 target price on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Friday, December 1st. Deutsche Bank raised their target price on shares of Chesapeake Lodging Trust from $23.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. cut shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 19th. Finally, Janney Montgomery Scott decreased their target price on shares of Chesapeake Lodging Trust from $32.00 to $26.32 and set a “fair value” rating on the stock in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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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