Chesapeake Lodging Trust (CHSP) CEO Acquires $58,150.00 in Stock
Chesapeake Lodging Trust (NYSE:CHSP) CEO James L. Francis acquired 2,500 shares of the stock in a transaction dated Monday, November 28th. The stock was acquired at an average cost of $23.26 per share, with a total value of $58,150.00. Following the transaction, the chief executive officer now directly owns 498,072 shares in the company, valued at $11,585,154.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Chesapeake Lodging Trust (NYSE:CHSP) traded up 1.30% during trading on Tuesday, hitting $23.35. The company’s stock had a trading volume of 34,408 shares. The company has a 50-day moving average of $22.60 and a 200 day moving average of $23.76. The firm has a market cap of $1.37 billion, a PE ratio of 19.86 and a beta of 1.03. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.74.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by $0.03. The business earned $164.50 million during the quarter, compared to analysts’ expectations of $167.65 million. Chesapeake Lodging Trust had a net margin of 12.77% and a return on equity of 6.60%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. On average, equities analysts forecast that Chesapeake Lodging Trust will post $1.15 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Co. increased its position in Chesapeake Lodging Trust by 0.3% in the second quarter. Capstone Asset Management Co. now owns 17,950 shares of the real estate investment trust’s stock valued at $417,000 after buying an additional 60 shares in the last quarter. Kemper Corp Master Retirement Trust increased its position in Chesapeake Lodging Trust by 1.6% in the third quarter. Kemper Corp Master Retirement Trust now owns 8,075 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 125 shares in the last quarter. Hsbc Holdings PLC increased its position in Chesapeake Lodging Trust by 2.0% in the second quarter. Hsbc Holdings PLC now owns 9,197 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 176 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Chesapeake Lodging Trust by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 16,430 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 220 shares in the last quarter. Finally, PineBridge Investments L.P. increased its position in Chesapeake Lodging Trust by 3.8% in the second quarter. PineBridge Investments L.P. now owns 7,619 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 278 shares in the last quarter. 95.76% of the stock is currently owned by hedge funds and other institutional investors.
CHSP has been the subject of a number of research reports. Zacks Investment Research cut Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Deutsche Bank AG reduced their price objective on Chesapeake Lodging Trust from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.20.
About Chesapeake Lodging Trust
Chesapeake Lodging Trust (the Trust) is a self-advised real estate investment trust (REIT). The Trust is focused on investments primarily in upper-upscale hotels in business and convention markets and, on service hotels in urban settings or locations in the United States. The Trust owns over 20 hotels with over 6,700 rooms in approximately nine states and the District of Columbia.
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