Trading Report: Today, 1,271 Shares of Chesapeake Lodging Trust (CHSP) are sold by Nationwide Fund Advisors

Today, 1,271 Shares of Chesapeake Lodging Trust (CHSP) are sold by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,318 shares of the real estate investment trust’s stock after selling 1,271 shares during the period. Nationwide Fund Advisors owned approximately 0.11% of Chesapeake Lodging Trust worth $1,542,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in shares of Chesapeake Lodging Trust by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,728,802 shares of the real estate investment trust’s stock worth $178,043,000 after buying an additional 165,344 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Chesapeake Lodging Trust by 1.8% in the first quarter. BlackRock Fund Advisors now owns 3,782,019 shares of the real estate investment trust’s stock worth $100,072,000 after buying an additional 67,026 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Chesapeake Lodging Trust by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,100,284 shares of the real estate investment trust’s stock worth $55,574,000 after buying an additional 43,089 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Chesapeake Lodging Trust by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 1,899,383 shares of the real estate investment trust’s stock worth $44,159,000 after buying an additional 125,837 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Chesapeake Lodging Trust by 1.4% in the first quarter. State Street Corp now owns 1,178,732 shares of the real estate investment trust’s stock worth $31,186,000 after buying an additional 16,828 shares during the last quarter. Institutional investors own 95.74% of the company’s stock.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at 22.91 on Tuesday. Chesapeake Lodging Trust has a 52-week low of $21.55 and a 52-week high of $29.91. The stock’s 50 day moving average is $23.64 and its 200 day moving average is $24.29. The stock has a market cap of $1.35 billion, a PE ratio of 19.17 and a beta of 1.21.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.03. Chesapeake Lodging Trust had a return on equity of 6.68% and a net margin of 12.96%. The company earned $169.40 million during the quarter, compared to the consensus estimate of $172.38 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Chesapeake Lodging Trust will post $1.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 28th. This represents a $1.60 annualized dividend and a yield of 7.02%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is 133.33%.

A number of analysts recently commented on CHSP shares. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. JMP Securities reiterated a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Thursday, July 14th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $24.00 target price on shares of Chesapeake Lodging Trust in a research note on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.17.

In related news, Director Thomas D. Eckert sold 21,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $25.34, for a total transaction of $532,140.00. Following the completion of the sale, the director now directly owns 44,178 shares in the company, valued at $1,119,470.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

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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