Chesapeake Lodging Trust (CHSP) Position Reduced by California Public Employees Retirement System
California Public Employees Retirement System reduced its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,532 shares of the real estate investment trust’s stock after selling 613 shares during the quarter. California Public Employees Retirement System’s holdings in Chesapeake Lodging Trust were worth $4,201,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Chesapeake Lodging Trust by 311.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,681,624 shares of the real estate investment trust’s stock worth $53,930,000 after purchasing an additional 1,273,152 shares in the last quarter. Matarin Capital Management LLC bought a new position in Chesapeake Lodging Trust in the 3rd quarter worth $16,500,000. BlackRock Inc. raised its holdings in Chesapeake Lodging Trust by 3.3% in the 3rd quarter. BlackRock Inc. now owns 10,239,346 shares of the real estate investment trust’s stock worth $328,375,000 after purchasing an additional 327,252 shares in the last quarter. Mackenzie Financial Corp bought a new position in Chesapeake Lodging Trust in the 4th quarter worth $5,807,000. Finally, Nordea Investment Management AB bought a new position in Chesapeake Lodging Trust in the 3rd quarter worth $5,971,000. Institutional investors own 99.10% of the company’s stock.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein bought 1,500 shares of Chesapeake Lodging Trust stock in a transaction dated Friday, February 22nd. The shares were purchased at an average cost of $30.11 per share, with a total value of $45,165.00. Following the transaction, the director now directly owns 14,654 shares of the company’s stock, valued at $441,231.94. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.
NYSE:CHSP opened at $29.36 on Monday. The stock has a market capitalization of $1.78 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.17. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.71. Chesapeake Lodging Trust has a 1-year low of $23.68 and a 1-year high of $33.81.
Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Thursday, February 21st. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The firm had revenue of $142.50 million for the quarter, compared to the consensus estimate of $140.58 million. Chesapeake Lodging Trust had a net margin of 16.24% and a return on equity of 6.09%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. On average, analysts forecast that Chesapeake Lodging Trust will post 2.43 EPS for the current fiscal year.
About Chesapeake Lodging Trust
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.
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