Chesapeake Lodging Trust (NYSE:CHSP) Shares Bought by ClariVest Asset Management LLC

ClariVest Asset Management LLC boosted its holdings in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,800 shares of the real estate investment trust’s stock after acquiring an additional 1,400 shares during the period. ClariVest Asset Management LLC owned about 0.08% of Chesapeake Lodging Trust worth $1,330,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NumerixS Investment Technologies Inc lifted its position in Chesapeake Lodging Trust by 757.1% during the fourth quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 5,300 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Chesapeake Lodging Trust by 74.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,620 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 2,820 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Chesapeake Lodging Trust in the 1st quarter valued at approximately $217,000. Jane Street Group LLC purchased a new position in shares of Chesapeake Lodging Trust in the 4th quarter valued at approximately $221,000. Finally, IFG Advisory LLC lifted its stake in shares of Chesapeake Lodging Trust by 12.7% in the 4th quarter. IFG Advisory LLC now owns 9,148 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 1,034 shares during the period. Institutional investors own 97.81% of the company’s stock.

CHSP stock traded down $0.21 on Friday, reaching $28.41. 160,646 shares of the company traded hands, compared to its average volume of 345,380. Chesapeake Lodging Trust has a one year low of $23.68 and a one year high of $33.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $1.73 billion, a P/E ratio of 12.14, a P/E/G ratio of 2.34 and a beta of 0.98. The firm’s fifty day simple moving average is $28.93.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.30). Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. The business had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $134.00 million. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Chesapeake Lodging Trust will post 2.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.40 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.60 annualized dividend and a yield of 5.63%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 68.38%.

A number of research firms have recently commented on CHSP. Robert W. Baird cut Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating and set a $31.00 target price for the company. in a research note on Wednesday, May 8th. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.60.

Chesapeake Lodging Trust Profile

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

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