Chesapeake Lodging Trust (NYSE:CHSP) Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.68, for a total value of $172,080.00. Following the completion of the sale, the director now owns 19,485 shares of the company’s stock, valued at $558,829.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Chesapeake Lodging Trust (NYSE CHSP) traded up $0.38 during midday trading on Friday, reaching $28.25. The company’s stock had a trading volume of 1,294,212 shares, compared to its average volume of 267,340. 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 has a 52-week low of $22.55 and a 52-week high of $29.36. The firm has a market cap of $1,675.41, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09.
Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $158.28 million during the quarter, compared to analyst estimates of $159.18 million. Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. research analysts expect that Chesapeake Lodging Trust will post 2.2 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its position in shares of Chesapeake Lodging Trust by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 103,393 shares of the real estate investment trust’s stock worth $2,477,000 after buying an additional 2,480 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Chesapeake Lodging Trust by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 859,198 shares of the real estate investment trust’s stock worth $20,586,000 after buying an additional 52,957 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Chesapeake Lodging Trust by 64.2% during the 1st quarter. Bank of America Corp DE now owns 126,668 shares of the real estate investment trust’s stock worth $3,034,000 after buying an additional 49,528 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Chesapeake Lodging Trust during the 2nd quarter worth $2,682,000. Finally, US Bancorp DE lifted its position in shares of Chesapeake Lodging Trust by 8.0% during the 2nd quarter. US Bancorp DE now owns 14,854 shares of the real estate investment trust’s stock worth $364,000 after buying an additional 1,098 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.
CHSP has been the topic of a number of recent analyst reports. Robert W. Baird set a $27.00 target price on Chesapeake Lodging Trust and gave the stock a “buy” rating in a report on Friday, August 25th. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. BidaskClub upgraded Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. J P Morgan Chase & Co lowered Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Chesapeake Lodging Trust in a research report on Sunday, September 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Lodging Trust currently has an average rating of “Hold” and a consensus target price of $27.17.
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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