Mercer Global Advisors Inc. ADV Acquires New Position in Chesapeake Lodging Trust (CHSP)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,973 shares of the real estate investment trust’s stock, valued at approximately $340,000.

Several other large investors have also recently modified their holdings of CHSP. Segall Bryant & Hamill LLC bought a new position in Chesapeake Lodging Trust in the fourth quarter worth about $35,509,000. JPMorgan Chase & Co. raised its stake in Chesapeake Lodging Trust by 311.7% in the third quarter. JPMorgan Chase & Co. now owns 1,681,624 shares of the real estate investment trust’s stock worth $53,930,000 after buying an additional 1,273,152 shares in the last quarter. Norges Bank bought a new position in Chesapeake Lodging Trust in the fourth quarter worth about $20,831,000. APG Asset Management N.V. bought a new position in Chesapeake Lodging Trust in the fourth quarter worth about $6,052,000. Finally, BlackRock Inc. raised its stake in Chesapeake Lodging Trust by 2.4% in the fourth quarter. BlackRock Inc. now owns 10,486,206 shares of the real estate investment trust’s stock worth $255,339,000 after buying an additional 246,860 shares in the last quarter. 99.44% of the stock is owned by hedge funds and other institutional investors.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein bought 1,500 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was acquired at an average price of $30.11 per share, with a total value of $45,165.00. Following the completion of the purchase, the director now owns 14,654 shares of the company’s stock, valued at $441,231.94. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.

Shares of NYSE CHSP opened at $28.32 on Monday. Chesapeake Lodging Trust has a fifty-two week low of $23.68 and a fifty-two week high of $33.81. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.15. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.71.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Thursday, February 21st. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. Chesapeake Lodging Trust had a net margin of 16.24% and a return on equity of 6.09%. The business had revenue of $142.50 million during the quarter, compared to the consensus estimate of $140.58 million. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Chesapeake Lodging Trust will post 2.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Thursday, March 28th. Chesapeake Lodging Trust’s dividend payout ratio is 68.38%.

A number of equities analysts recently issued reports on CHSP shares. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Wells Fargo & Co reissued a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Friday, February 22nd. Robert W. Baird raised shares of Chesapeake Lodging Trust from a “neutral” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Tuesday, January 8th. Finally, Deutsche Bank reissued a “hold” rating and issued a $30.00 price target on shares of Chesapeake Lodging Trust in a research note on Monday, February 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.00.

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

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