Chesapeake Lodging Trust (CHSP) Holdings Trimmed by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in Chesapeake Lodging Trust (NYSE:CHSP) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 94,747 shares of the real estate investment trust’s stock after selling 10,075 shares during the quarter. California State Teachers Retirement System’s holdings in Chesapeake Lodging Trust were worth $2,555,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Chicago Equity Partners LLC purchased a new stake in shares of Chesapeake Lodging Trust during the 3rd quarter worth approximately $3,589,000. Bank of New York Mellon Corp raised its holdings in shares of Chesapeake Lodging Trust by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock worth $74,352,000 after acquiring an additional 33,674 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Chesapeake Lodging Trust by 3.5% during the 3rd quarter. Legal & General Group Plc now owns 693,918 shares of the real estate investment trust’s stock worth $18,715,000 after acquiring an additional 23,220 shares in the last quarter. Graybill Bartz & Assoc Ltd. raised its holdings in shares of Chesapeake Lodging Trust by 1.7% during the 3rd quarter. Graybill Bartz & Assoc Ltd. now owns 147,524 shares of the real estate investment trust’s stock worth $3,979,000 after acquiring an additional 2,445 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Chesapeake Lodging Trust by 169.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 199,917 shares of the real estate investment trust’s stock worth $4,892,000 after acquiring an additional 125,627 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $28.68, for a total transaction of $172,080.00. Following the sale, the director now owns 19,485 shares in the company, valued at approximately $558,829.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Several analysts have recently issued reports on CHSP shares. Robert W. Baird set a $30.00 price objective on Chesapeake Lodging Trust and gave the stock a “buy” rating in a report on Friday, December 1st. Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $32.00 in a report on Wednesday, September 27th. Zacks Investment Research raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 price objective on shares of Chesapeake Lodging Trust in a report on Tuesday, October 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Chesapeake Lodging Trust in a report on Sunday, September 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $27.17.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $27.37 on Friday. Chesapeake Lodging Trust has a twelve month low of $22.55 and a twelve month high of $29.36. The firm has a market capitalization of $1,652.56, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.31 and a beta of 1.10. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The company had revenue of $158.28 million for the quarter, compared to analysts’ expectations of $159.18 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. equities analysts forecast that Chesapeake Lodging Trust will post 2.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.60 annualized dividend and a yield of 5.85%. Chesapeake Lodging Trust’s payout ratio is presently 197.53%.

COPYRIGHT VIOLATION WARNING: This story was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.themarketsdaily.com/2018/01/14/chesapeake-lodging-trust-chsp-holdings-trimmed-by-california-state-teachers-retirement-system.html.

About Chesapeake Lodging Trust

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.

Want to see what other hedge funds are holding CHSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Lodging Trust (NYSE:CHSP).

Institutional Ownership by Quarter for Chesapeake Lodging Trust (NYSE:CHSP)

Receive News & Ratings for Chesapeake Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply