Chesapeake Lodging Trust (NYSE:CHSP) Director George F. Mckenzie bought 1,500 shares of the stock in a transaction on Friday, November 18th. The shares were bought at an average price of $22.84 per share, for a total transaction of $34,260.00. Following the purchase, the director now directly owns 17,178 shares in the company, valued at approximately $392,345.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded up 0.61% during trading on Monday, hitting $22.93. 31,697 shares of the stock traded hands. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 19.50 and a beta of 1.03. The stock has a 50 day moving average of $22.50 and a 200 day moving average of $23.85. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.03. Chesapeake Lodging Trust had a net margin of 12.77% and a return on equity of 6.60%. The company earned $164.50 million during the quarter, compared to analysts’ expectations of $167.65 million. During the same quarter last year, the firm earned $0.73 EPS. Chesapeake Lodging Trust’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Chesapeake Lodging Trust will post $1.15 EPS for the current year.

Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC raised its stake in shares of Chesapeake Lodging Trust by 96.0% in the second quarter. Acrospire Investment Management LLC now owns 4,900 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 2,400 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Chesapeake Lodging Trust during the second quarter worth $116,000. BlackRock Japan Co. Ltd raised its stake in shares of Chesapeake Lodging Trust by 106.1% in the second quarter. BlackRock Japan Co. Ltd now owns 6,526 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 3,359 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Chesapeake Lodging Trust during the second quarter worth $163,000. Finally, PineBridge Investments L.P. raised its stake in shares of 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 worth $177,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 97.86% of the company’s stock.

Several research firms have issued reports on CHSP. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG lowered their target price on shares of Chesapeake Lodging Trust from $23.00 to $22.00 and set a “hold” rating on the stock 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. Chesapeake Lodging Trust has an average rating of “Hold” and an average target price of $25.20.

Chesapeake Lodging Trust Company Profile

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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