Westpac Banking Corp Decreases Stake in Chesapeake Lodging Trust (CHSP)
Westpac Banking Corp reduced its holdings in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 4.7% in the 4th quarter, HoldingsChannel reports. The fund owned 203,211 shares of the real estate investment trust’s stock after selling 10,115 shares during the period. Westpac Banking Corp’s holdings in Chesapeake Lodging Trust were worth $5,505,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Chesapeake Lodging Trust by 13.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 657,199 shares of the real estate investment trust’s stock valued at $16,082,000 after buying an additional 79,632 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Chesapeake Lodging Trust by 5.1% in the 2nd quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 325 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Chesapeake Lodging Trust by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 399 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Chesapeake Lodging Trust by 9.0% in the 2nd quarter. Wells Fargo & Company MN now owns 653,530 shares of the real estate investment trust’s stock valued at $15,992,000 after buying an additional 54,175 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of Chesapeake Lodging Trust in the 2nd quarter valued at approximately $257,000. 99.83% of the stock is owned by institutional investors.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the firm’s 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 completion of the sale, the director now owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.
Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $27.88 on Friday. Chesapeake Lodging Trust has a twelve month low of $22.55 and a twelve month high of $29.36. The stock has a market capitalization of $1,676.01, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.34 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 announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $158.28 million for the quarter, compared to analyst estimates of $159.18 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. equities research analysts expect that Chesapeake Lodging Trust will post 2.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Thursday, December 28th. Chesapeake Lodging Trust’s dividend payout ratio is 197.53%.
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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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