UBS Asset Management Americas Inc. grew its holdings in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,809 shares of the real estate investment trust’s stock after buying an additional 19,925 shares during the quarter. UBS Asset Management Americas Inc. owned 0.24% of Chesapeake Lodging Trust worth $3,869,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invictus RG purchased a new stake in Chesapeake Lodging Trust during the third quarter worth approximately $139,000. FNY Managed Accounts LLC purchased a new stake in Chesapeake Lodging Trust during the third quarter worth approximately $161,000. Acadian Asset Management LLC purchased a new stake in Chesapeake Lodging Trust during the fourth quarter worth approximately $200,000. Amalgamated Bank purchased a new stake in Chesapeake Lodging Trust during the third quarter worth approximately $216,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Chesapeake Lodging Trust during the third quarter worth approximately $223,000. Institutional investors own 95.90% of the company’s stock.
Several equities research analysts have issued reports on the stock. 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. JPMorgan Chase & Co. downgraded shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 16th. Robert W. Baird restated a “buy” rating and issued a $29.00 target price on shares of Chesapeake Lodging Trust in a research note on Friday, February 16th. Deutsche Bank upped their target price 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. 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 for the company in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Chesapeake Lodging Trust has an average rating of “Hold” and an average target price 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 for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $143.85 million. Chesapeake Lodging Trust had a net margin of 12.34% and a return on equity of 6.67%. Chesapeake Lodging Trust’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. analysts anticipate that Chesapeake Lodging Trust will post 2.38 EPS for the current fiscal 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 $0.40 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.60 annualized dividend and a dividend yield of 5.92%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 144.14%.
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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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