Rhumbline Advisers Increases Stake in Chesapeake Lodging Trust (CHSP)

Rhumbline Advisers lifted its holdings in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,772 shares of the real estate investment trust’s stock after acquiring an additional 2,076 shares during the period. Rhumbline Advisers owned 0.22% of Chesapeake Lodging Trust worth $3,554,000 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. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Chesapeake Lodging Trust by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 399 shares during the last quarter. GAM Holding AG grew its position in Chesapeake Lodging Trust by 8.8% in the 2nd quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 429 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Chesapeake Lodging Trust by 17.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 800 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of Chesapeake Lodging Trust by 78.4% during the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,548 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Chesapeake Lodging Trust by 5.1% during the 2nd quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.68, for a total value of $172,080.00. Following the completion of the transaction, the director now owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Chesapeake Lodging Trust (NYSE:CHSP) opened at $28.27 on Friday. The stock has a market capitalization of $1,709.07, a price-to-earnings ratio of 13.04, a PEG ratio of 2.59 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $29.36.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The firm had revenue of $158.28 million during the quarter, compared to analyst estimates of $159.18 million. During the same period in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. research analysts forecast that Chesapeake Lodging Trust will post 2.2 earnings per share for the current fiscal year.

CHSP has been the topic of several research analyst reports. Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research report on Sunday, October 1st. Janney Montgomery Scott upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $32.00 in a research report on Wednesday, September 27th. Zacks Investment Research raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 price target on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.17.

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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.

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

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