Heitman Real Estate Securities LLC lifted its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 407,811 shares of the real estate investment trust’s stock after buying an additional 11,666 shares during the quarter. Heitman Real Estate Securities LLC owned about 0.68% of Chesapeake Lodging Trust worth $11,048,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of CHSP. Crossmark Global Holdings Inc. acquired a new stake in Chesapeake Lodging Trust in the third quarter worth $369,000. State Board of Administration of Florida Retirement System grew its holdings in Chesapeake Lodging Trust by 7.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 56,064 shares of the real estate investment trust’s stock worth $1,512,000 after purchasing an additional 3,929 shares during the period. Prudential Financial Inc. grew its holdings in Chesapeake Lodging Trust by 7.3% in the third quarter. Prudential Financial Inc. now owns 1,064,281 shares of the real estate investment trust’s stock worth $28,703,000 after purchasing an additional 72,088 shares during the period. Bessemer Group Inc. acquired a new stake in Chesapeake Lodging Trust in the third quarter worth $1,106,000. Finally, Global X MANAGEMENT CO LLC grew its holdings in Chesapeake Lodging Trust by 20.9% in the third quarter. Global X MANAGEMENT CO LLC now owns 58,623 shares of the real estate investment trust’s stock worth $1,581,000 after purchasing an additional 10,124 shares during the period. Institutional investors own 95.90% of the company’s stock.
CHSP has been the subject of a number of research reports. Robert W. Baird set a $30.00 price target on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a report on Friday, December 1st. Deutsche Bank raised their price objective on shares of Chesapeake Lodging Trust from $23.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Monday, February 19th. Finally, Janney Montgomery Scott reduced their target price on shares of Chesapeake Lodging Trust from $32.00 to $26.32 and set a “fair value” rating for the company in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.72.
Chesapeake Lodging Trust (NYSE:CHSP) last announced 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 net margin of 12.34% and a return on equity of 6.67%. The company had revenue of $142.70 million for the quarter, compared to the consensus estimate of $143.85 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities research analysts anticipate that Chesapeake Lodging Trust will post 2.38 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.60 annualized dividend and a yield of 5.86%. Chesapeake Lodging Trust’s payout ratio is presently 144.14%.
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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