141,700 Shares in Chesapeake Lodging Trust (CHSP) Acquired by Ranger Global Real Estate Advisors LLC

Ranger Global Real Estate Advisors LLC acquired a new position in Chesapeake Lodging Trust (NYSE:CHSP) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 141,700 shares of the real estate investment trust’s stock, valued at approximately $3,278,000. Ranger Global Real Estate Advisors LLC owned approximately 0.24% of Chesapeake Lodging Trust as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Chesapeake Lodging Trust during the fourth quarter valued at about $7,999,000. Comerica Bank boosted its position in Chesapeake Lodging Trust by 5.7% in the fourth quarter. Comerica Bank now owns 63,845 shares of the real estate investment trust’s stock valued at $1,618,000 after buying an additional 3,451 shares during the last quarter. State Street Corp boosted its position in Chesapeake Lodging Trust by 68.6% in the fourth quarter. State Street Corp now owns 2,125,991 shares of the real estate investment trust’s stock valued at $54,981,000 after buying an additional 865,385 shares during the last quarter. Credit Agricole S A boosted its position in Chesapeake Lodging Trust by 7.2% in the fourth quarter. Credit Agricole S A now owns 36,509 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 2,456 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Chesapeake Lodging Trust during the fourth quarter valued at about $1,161,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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

Shares of Chesapeake Lodging Trust (NYSE CHSP) traded up 0.44% on Friday, reaching $25.15. The company had a trading volume of 519,439 shares. The firm has a market cap of $1.48 billion, a P/E ratio of 23.12 and a beta of 1.09. The company has a 50-day moving average price of $23.69 and a 200-day moving average price of $24.55. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The company had revenue of $134.90 million during the quarter, compared to analysts’ expectations of $132.06 million. Chesapeake Lodging Trust had a return on equity of 6.07% and a net margin of 11.77%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. On average, analysts expect that Chesapeake Lodging Trust will post $0.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders 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 6.36%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is currently 146.79%.

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Several research analysts have recently issued reports on CHSP shares. Janney Montgomery Scott reissued a “neutral” rating and issued a $24.00 price target on shares of Chesapeake Lodging Trust in a research note on Thursday, February 23rd. Zacks Investment Research cut Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 24th. TheStreet cut Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research note on Friday, June 16th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Chesapeake Lodging Trust has a consensus rating of “Hold” and an average price target of $25.25.

About Chesapeake Lodging Trust

Chesapeake Lodging Trust is a real estate investment trust. 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 operates through the hotel ownership segment.

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