Chesapeake Lodging Trust (CHSP) CEO James L. Francis Acquires 2,500 Shares
Chesapeake Lodging Trust (NYSE:CHSP) CEO James L. Francis purchased 2,500 shares of Chesapeake Lodging Trust stock in a transaction on Monday, November 28th. The stock was bought at an average price of $23.26 per share, with a total value of $58,150.00. Following the completion of the acquisition, the chief executive officer now directly owns 498,072 shares of the company’s stock, valued at approximately $11,585,154.72. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at 23.41 on Wednesday. Chesapeake Lodging Trust has a 12 month low of $20.81 and a 12 month high of $27.74. The firm has a 50-day moving average of $22.60 and a 200 day moving average of $23.76. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 19.91 and a beta of 1.03.
Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Tuesday, November 1st. The real estate investment trust reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.03. Chesapeake Lodging Trust had a return on equity of 6.60% and a net margin of 12.77%. The company earned $164.50 million during the quarter, compared to the consensus estimate of $167.65 million. During the same quarter last year, the company posted $0.73 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts expect that Chesapeake Lodging Trust will post $1.15 earnings per share for the current year.
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A number of brokerages have recently issued reports on CHSP. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Deutsche Bank AG dropped their price target on shares of Chesapeake Lodging Trust from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.20.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Chesapeake Lodging Trust by 4.4% in the second quarter. Vanguard Group Inc. now owns 9,430,269 shares of the real estate investment trust’s stock valued at $219,254,000 after buying an additional 395,442 shares during the period. BlackRock Fund Advisors increased its stake in Chesapeake Lodging Trust by 9.1% in the third quarter. BlackRock Fund Advisors now owns 4,285,400 shares of the real estate investment trust’s stock worth $98,136,000 after buying an additional 356,772 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Chesapeake Lodging Trust by 23.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,585,657 shares of the real estate investment trust’s stock worth $60,117,000 after buying an additional 485,373 shares in the last quarter. Prudential Financial Inc. increased its stake in Chesapeake Lodging Trust by 1.8% in the third quarter. Prudential Financial Inc. now owns 2,379,184 shares of the real estate investment trust’s stock worth $54,483,000 after buying an additional 41,958 shares in the last quarter. Finally, Adelante Capital Management LLC increased its stake in Chesapeake Lodging Trust by 8.5% in the third quarter. Adelante Capital Management LLC now owns 1,949,333 shares of the real estate investment trust’s stock worth $44,640,000 after buying an additional 152,623 shares in the last quarter. Institutional investors and hedge funds own 95.76% of the company’s stock.
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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