AMP Capital Investors Ltd cut its holdings in Chesapeake Lodging Trust (NYSE:CHSP) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,134,384 shares of the real estate investment trust’s stock after selling 153,829 shares during the period. AMP Capital Investors Ltd owned about 1.88% of Chesapeake Lodging Trust worth $36,209,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Chesapeake Lodging Trust by 311.7% during the third quarter. JPMorgan Chase & Co. now owns 1,681,624 shares of the real estate investment trust’s stock worth $53,930,000 after purchasing an additional 1,273,152 shares in the last quarter. Morgan Stanley increased its position in shares of Chesapeake Lodging Trust by 53.1% during the second quarter. Morgan Stanley now owns 2,371,712 shares of the real estate investment trust’s stock worth $75,041,000 after purchasing an additional 822,403 shares in the last quarter. BlackRock Inc. increased its position in shares of Chesapeake Lodging Trust by 7.5% during the second quarter. BlackRock Inc. now owns 9,912,094 shares of the real estate investment trust’s stock worth $313,619,000 after purchasing an additional 688,834 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Chesapeake Lodging Trust by 205.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,014,720 shares of the real estate investment trust’s stock worth $32,457,000 after purchasing an additional 682,205 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Chesapeake Lodging Trust during the third quarter worth about $8,296,000.
A number of research firms have recently commented on CHSP. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Wells Fargo & Co cut their target price on Chesapeake Lodging Trust from $32.00 to $28.00 and set a “market perform” rating on the stock in a research report on Friday, November 2nd. Seven equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $29.55.
In related news, Director Jeffrey D. Nuechterlein sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $29.74, for a total value of $89,220.00. Following the transaction, the director now owns 14,154 shares in the company, valued at approximately $420,939.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
CHSP opened at $29.38 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.75 and a current ratio of 1.75. Chesapeake Lodging Trust has a one year low of $24.98 and a one year high of $33.81. The stock has a market cap of $1.75 billion, a PE ratio of 13.54, a PEG ratio of 2.52 and a beta of 0.95.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.32). The firm had revenue of $156.35 million for the quarter, compared to analyst estimates of $157.13 million. Chesapeake Lodging Trust had a return on equity of 7.47% and a net margin of 18.64%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. As a group, equities research analysts anticipate that Chesapeake Lodging Trust will post 2.3 EPS for the current year.
Chesapeake Lodging Trust Company 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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