Securian Asset Management Inc Acquires New Holdings in Chesapeake Lodging Trust (CHSP)

Share on StockTwits

Securian Asset Management Inc acquired a new stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 24,800 shares of the real estate investment trust’s stock, valued at approximately $795,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CHSP. Itau Unibanco Holding S.A. purchased a new stake in Chesapeake Lodging Trust in the second quarter valued at approximately $140,000. Acadian Asset Management LLC purchased a new stake in Chesapeake Lodging Trust in the second quarter valued at approximately $210,000. WealthTrust Axiom LLC purchased a new stake in Chesapeake Lodging Trust in the second quarter valued at approximately $211,000. Meeder Asset Management Inc. boosted its position in Chesapeake Lodging Trust by 368.7% in the second quarter. Meeder Asset Management Inc. now owns 7,077 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 5,567 shares during the last quarter. Finally, People s United Financial Inc. purchased a new stake in Chesapeake Lodging Trust in the second quarter valued at approximately $237,000. Hedge funds and other institutional investors own 97.57% of the company’s stock.

Chesapeake Lodging Trust stock opened at $29.42 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.53 and a current ratio of 1.53. Chesapeake Lodging Trust has a 12 month low of $24.98 and a 12 month high of $33.81. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 2.46 and a beta of 0.88.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $0.72 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. Chesapeake Lodging Trust had a return on equity of 7.39% and a net margin of 12.84%. The business had revenue of $163.30 million for the quarter, compared to analyst estimates of $165.62 million. During the same quarter in the prior year, the firm posted $0.65 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Sell-side analysts expect that Chesapeake Lodging Trust will post 2.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.60 annualized dividend and a yield of 5.44%. Chesapeake Lodging Trust’s dividend payout ratio is presently 73.73%.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. ValuEngine lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Robert W. Baird upped their target price on Chesapeake Lodging Trust from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, July 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $30.00 target price on shares of Chesapeake Lodging Trust in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Chesapeake Lodging Trust has a consensus rating of “Hold” and a consensus target price of $29.86.

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. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.

See Also: Earnings Per Share

Want to see what other hedge funds are holding CHSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Lodging Trust (NYSE:CHSP).

Institutional Ownership by Quarter for Chesapeake Lodging Trust (NYSE:CHSP)

Receive News & Ratings for Chesapeake Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply