Citadel Advisors LLC increased its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 32.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 159,001 shares of the real estate investment trust’s stock after purchasing an additional 38,836 shares during the quarter. Citadel Advisors LLC owned approximately 0.26% of Chesapeake Lodging Trust worth $5,100,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CHSP. Itau Unibanco Holding S.A. purchased a new position in Chesapeake Lodging Trust in the 2nd quarter valued at approximately $140,000. Acadian Asset Management LLC purchased a new position in Chesapeake Lodging Trust in the 2nd quarter valued at approximately $210,000. People s United Financial Inc. purchased a new position in Chesapeake Lodging Trust in the 2nd quarter valued at approximately $237,000. Aperio Group LLC purchased a new position in Chesapeake Lodging Trust in the 2nd quarter valued at approximately $266,000. Finally, Jennison Associates LLC purchased a new position in Chesapeake Lodging Trust in the 3rd quarter valued at approximately $397,000.
In other news, Director Jeffrey D. Nuechterlein sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $29.74, for a total transaction of $89,220.00. Following the completion of the transaction, the director now directly owns 14,154 shares in the company, valued at approximately $420,939.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by insiders.
A number of research firms have recently commented on CHSP. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 14th. ValuEngine lowered shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Wells Fargo & Co reduced their price target on shares of Chesapeake Lodging Trust from $32.00 to $28.00 and set a “market perform” rating for the company in a research report on Friday, November 2nd. Seven research analysts have rated the stock with a hold rating, Chesapeake Lodging Trust presently has a consensus rating of “Hold” and a consensus target price of $29.55.
CHSP opened at $28.56 on Friday. The firm has a market cap of $1.77 billion, a PE ratio of 12.84, a PEG ratio of 2.54 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.71. Chesapeake Lodging Trust has a one year low of $24.98 and a one year high of $33.81.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.32). The firm had revenue of $156.35 million for the quarter, compared to analysts’ expectations of $157.13 million. Chesapeake Lodging Trust had a net margin of 18.64% and a return on equity of 7.47%. 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 earned $0.64 earnings per share. Sell-side analysts forecast that Chesapeake Lodging Trust will post 2.3 EPS for the current fiscal 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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