HGI Capital Management LLC acquired a new position in shares of Chesapeake Lodging Trust (NYSE:CHSP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 85,891 shares of the real estate investment trust’s stock, valued at approximately $2,316,000. Chesapeake Lodging Trust accounts for about 2.2% of HGI Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding. HGI Capital Management LLC owned 0.14% of Chesapeake Lodging Trust as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Chesapeake Lodging Trust by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 399 shares in the last quarter. GAM Holding AG increased its stake in Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 429 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Chesapeake Lodging Trust by 17.0% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 800 shares in the last quarter. Flinton Capital Management LLC increased its stake in Chesapeake Lodging Trust by 78.4% in the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,548 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in Chesapeake Lodging Trust in the third quarter valued at approximately $161,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the sale, the director now directly owns 19,485 shares of the company’s stock, valued at $558,829.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.
CHSP has been the subject of several recent research reports. Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a report on Sunday, October 1st. Janney Montgomery Scott upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Thursday, November 2nd. SunTrust Banks restated a “hold” rating and set a $23.00 target price on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Finally, KeyCorp restated a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Chesapeake Lodging Trust currently has an average rating of “Hold” and a consensus price target of $27.17.
Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $28.43 on Thursday. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $29.36. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1,709.07, a price-to-earnings ratio of 13.04, a PEG ratio of 2.59 and a beta of 1.09.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The firm had revenue of $158.28 million during the quarter, compared to the consensus estimate of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. research analysts expect that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.
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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.
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