November 29, 2016 - By Peter Kolinski
As shown in the D.C. based-SEC, a form for the deal of 2,500 shares of Chesapeake Lodging Trust by James Francis was filled. James Francis is right now a President & CEO of the public company. The legal form was filled on 29/11/2016. The acquired shares were purchased at average $23.3 for share, and had a value of $58,161 U.S. Dollars. James is trying to increase his company’s share, same as he did in the last month. He acquired another 5,000 shares worth $113,973 USD. Now, James Francis possess a total of 498,072 shares or 0.87% of the company’s total market capitalization.
Out of 5 analysts covering Chesapeake Lodging Trust (NYSE:CHSP), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. $36 is the highest target while $1.75 is the lowest. The $22.96 average target is -0.39% below today’s ($23.05) stock price. Chesapeake Lodging Trust has been the topic of 14 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Monday, January 4. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 3 report. RBC Capital Markets maintained the shares of CHSP in a report on Friday, July 31 with “Outperform” rating. Ladenburg Thalmann downgraded the stock to “Sell” rating in Tuesday, January 19 report. The stock of Chesapeake Lodging Trust (NYSE:CHSP) earned “” rating by KeyBanc Capital Markets on Monday, October 5. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, November 3. Janney Capital initiated the stock with “Neutral” rating in Wednesday, March 23 report. The stock of Chesapeake Lodging Trust (NYSE:CHSP) earned “Hold” rating by Deutsche Bank on Wednesday, November 2.
Insitutional Activity: The institutional sentiment decreased to 1.33 in Q2 2016. Its down 0.05, from 1.38 in 2016Q1. The ratio dropped, as 20 funds sold all Chesapeake Lodging Trust shares owned while 43 reduced positions. 16 funds bought stakes while 71 increased positions. They now own 55.82 million shares or 4.64% less from 58.53 million shares in 2016Q1.
Ajo Lp has invested 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP). Blackrock Invest Mngmt Ltd Liability has 0.01% invested in the company for 265,487 shares. Goldman Sachs holds 0.06% or 7.61M shares in its portfolio. Mutual Of America Cap Ltd Llc holds 0.09% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 178,270 shares. Moreover, Amica Mutual Ins has 0.01% invested in Chesapeake Lodging Trust (NYSE:CHSP) for 5,324 shares. The New York-based Lazard Asset Mgmt has invested 0% in Chesapeake Lodging Trust (NYSE:CHSP). Natl Bank Of America De has 259,472 shares for 0% of their US portfolio. Pnc Serv Gru last reported 315 shares in the company. Jpmorgan Chase Co last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 3,703 shares. Proshare Advsrs Limited Liability Company, a Maryland-based fund reported 8,618 shares. Pensionfund Dsm Netherlands holds 0.16% or 51,500 shares in its portfolio. Advantus Capital Management holds 79,291 shares or 0.05% of its portfolio. Ny State Common Retirement Fund holds 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 60,000 shares. Moreover, Finemark Natl Bank And Tru has 0.03% invested in Chesapeake Lodging Trust (NYSE:CHSP) for 9,600 shares.
Insider Transactions: Since August 10, 2016, the stock had 3 buys, and 1 insider sale for $352,376 net activity. $34,260 worth of shares were bought by MCKENZIE GEORGE F on Friday, November 18. $532,109 worth of Chesapeake Lodging Trust (NYSE:CHSP) was sold by ECKERT THOMAS D. FRANCIS JAMES L also bought $113,973 worth of Chesapeake Lodging Trust (NYSE:CHSP) on Tuesday, November 15. The insider Wootten Graham J. bought 1,500 shares worth $31,500.
The stock decreased 1.75% or $0.41 during the last trading session, hitting $23.05. Chesapeake Lodging Trust (NYSE:CHSP) has declined 7.21% since April 26, 2016 and is downtrending. It has underperformed by 12.47% the S&P500.
Chesapeake Lodging Trust is a self-advised real estate investment trust (REIT). The company has a market cap of $1.40 billion. 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. It has a 19.67 P/E ratio. The Trust owns over 20 hotels with over 6,700 rooms in approximately nine states and the District of Columbia.
According to Zacks Investment Research, “Chesapeake Lodging Trust is a real estate investment trust. It is a self-advised hotel investment company focused on investments in upper upscale hotels in business, airport, convention markets, and select-service hotels in urban settings or locations in the United States.”
Analysts await Chesapeake Lodging Trust (NYSE:CHSP) to report earnings on February, 16. They expect $0.46 EPS, down 11.54% or $0.06 from last year’s $0.52 per share. CHSP’s profit will be $27.94M for 12.53 P/E if the $0.46 EPS becomes a reality. After $0.71 actual EPS reported by Chesapeake Lodging Trust for the previous quarter, Wall Street now forecasts -35.21% negative EPS growth.
More recent Chesapeake Lodging Trust (NYSE:CHSP) news were published by: Wsj.com which released: “Chesapeake Lodging Trust Exploring a Sale” on January 28, 2016. Also Businesswire.com published the news titled: “Chesapeake Lodging Trust Reports Third Quarter Results” on November 01, 2016. Seekingalpha.com‘s news article titled: “Chesapeake Lodging Trust’s (CHSP) CEO James Francis on Q2 2016 Results ..” with publication date: July 29, 2016 was also an interesting one.
Chesapeake Lodging Trust (the Trust), incorporated on June 12, 2009, 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. The Trust’s hotel portfolio includes Le Meridien San Francisco, Hyatt Regency Boston, Hilton Checkers Los Angeles, Hotel Indigo San Diego Gaslamp Quarter, Hyatt Santa Barbara, JW Marriott San Francisco Union Square, W New Orleans-French Quarter and Denver Marriott City Center, among others. The Trust’s hotels are located in Los Angeles, San Francisco, Washington, New York, Denver, Newton and Boston, among others.
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