Bank of New York Mellon Corp now owns 2,109,060 shares of the real estate investment trust's stock valued at $50,534,000 after buying an additional 588,831 shares during the period. State Board of Administration of Florida Retirement System's holdings in Chesapeake Lodging Trust were worth $1,249,000 at the end of the most recent reporting period.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Finally, Hillcrest Asset Management LLC raised its position in shares of RLJ Lodging Trust by 1.4% in the third quarter. AEW Capital Management L P now owns 2,189,162 shares of the real estate investment trust's stock valued at $51,467,000 after buying an additional 688,800 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Chesapeake Lodging Trust during the fourth quarter worth $7,999,000. Acrospire Investment Management LLC now owns 20,095 shares of the real estate investment trust's stock worth $129,000 after buying an additional 5,389 shares during the last quarter. Norges Bank acquired a new stake in shares of RLJ Lodging Trust during the fourth quarter worth about $31,576,000. Citadel Advisors LLC purchased a new stake in shares of Chatham Lodging Trust during the third quarter worth approximately $737,000. Renaissance Technologies LLC acquired a new stake in shares of RLJ Lodging Trust during the fourth quarter worth about $9,167,000.
Chesapeake Lodging Trust (CHSP) opened at 24.34 on Friday. 504,336 shares of the company's stock were exchanged. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The company has a 50 day moving average of $19.45 and a 200 day moving average of $19.95. The company has a market cap of $2.65 billion, a P/E ratio of 13.57 and a beta of 1.14.
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Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Tuesday, April 25th. Citadel Advisors LLC now owns 18,498 shares of the real estate investment trust's stock valued at $424,000 after buying an additional 7,375 shares in the last quarter. Chesapeake Lodging Trust had a net margin of 12.77% and a return on equity of 6.60%. The business had revenue of $260.20 million during the quarter, compared to analysts' expectations of $263.57 million. During the same period previous year, the business earned $0.46 EPS. The company's revenue was down 10.5% on a year-over-year basis. Equities research analysts forecast that Chesapeake Lodging Trust will post $0.79 EPS for the current fiscal year. Investors of record on Friday, June 30th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.57%. FelCor Lodging Trust's dividend payout ratio (DPR) is presently -133.33%. Credit Agricole S A raised its stake in Chatham Lodging Trust by 16.0% in the fourth quarter. If you are viewing this news story on another site, it was copied illegally and republished in violation of U.S. and worldwide trademark & copyright law. The legal version of this piece can be viewed at https://www.thestockobserver.com/2017/06/09/rlj-lodging-trust-rlj-raised-to-strong-buy-at-valuengine-updated-updated.html. Zacks Investment Research upgraded shares of Chatham Lodging Trust from a "sell" rating to a "hold" rating in a research report on Monday, March 27th. Barclays PLC reissued a "hold" rating and set a $21.00 price objective on shares of Chatham Lodging Trust in a research note on Tuesday, February 14th. Zacks Investment Research downgraded Chesapeake Lodging Trust from a "buy" rating to a "hold" rating in a research note on Friday, February 24th.
02/23/2017 - Chatham Lodging Trust (REIT) had its " rating reiterated by analysts at Stifel Nicolaus. The stock now has a consensus rating of Hold and an average target price of $25.33. The company now has a consensus rating of "Hold" and a consensus target price of $19.60.
01/19/2016 - Chesapeake Lodging Trust was downgraded to "sell" by analysts at Ladenburg Thalmann. 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, through its subsidiary, FelCor Lodging Limited Partnership, held ownership interests in 39 hotels with 11,500 rooms, as of December 31, 2016.
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