Marshall Wace North America L.P. grew its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 761.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,364 shares of the real estate investment trust’s stock after acquiring an additional 12,697 shares during the period. Marshall Wace North America L.P.’s holdings in Chesapeake Lodging Trust were worth $399,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Chesapeake Lodging Trust by 5.2% during the first quarter. BlackRock Inc. now owns 11,028,116 shares of the real estate investment trust’s stock valued at $306,690,000 after buying an additional 541,910 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Chesapeake Lodging Trust by 15.0% during the first quarter. Centersquare Investment Management LLC now owns 1,504,980 shares of the real estate investment trust’s stock valued at $41,853,000 after buying an additional 196,500 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Chesapeake Lodging Trust during the fourth quarter valued at about $35,509,000. Geode Capital Management LLC raised its position in shares of Chesapeake Lodging Trust by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 955,576 shares of the real estate investment trust’s stock valued at $23,268,000 after buying an additional 61,413 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Chesapeake Lodging Trust during the fourth quarter valued at about $20,831,000. Institutional investors and hedge funds own 97.82% of the company’s stock.
A number of brokerages have recently commented on CHSP. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday. Robert W. Baird set a $182.00 price target on shares of Visa and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Chesapeake Lodging Trust currently has a consensus rating of “Hold” and a consensus target price of $30.60.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.30). Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. The company had revenue of $133.70 million for the quarter, compared to the consensus estimate of $134.00 million. During the same period last year, the company earned $0.43 earnings per share. Chesapeake Lodging Trust’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that Chesapeake Lodging Trust will post 2.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.60 annualized dividend and a dividend yield of 5.73%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is currently 68.38%.
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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