Chesapeake Lodging Trust (CHSP) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 252.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,700 shares of the real estate investment trust’s stock after purchasing an additional 13,400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chesapeake Lodging Trust were worth $600,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC raised its position in shares of Chesapeake Lodging Trust by 39.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 15,215 shares of the real estate investment trust’s stock valued at $481,000 after purchasing an additional 4,300 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Chesapeake Lodging Trust in the 2nd quarter valued at approximately $140,000. Rhumbline Advisers increased its holdings in Chesapeake Lodging Trust by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 157,401 shares of the real estate investment trust’s stock worth $4,980,000 after buying an additional 5,040 shares during the period. Meeder Asset Management Inc. increased its holdings in Chesapeake Lodging Trust by 368.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,077 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 5,567 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Chesapeake Lodging Trust by 10.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 63,520 shares of the real estate investment trust’s stock worth $2,010,000 after buying an additional 6,220 shares during the period. 97.57% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on CHSP. Robert W. Baird increased their price target on shares of Chesapeake Lodging Trust from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. ValuEngine downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $30.00 price target on shares of Chesapeake Lodging Trust in a report on Monday, July 30th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Chesapeake Lodging Trust presently has an average rating of “Hold” and an average target price of $29.86.

Shares of NYSE:CHSP opened at $29.42 on Wednesday. Chesapeake Lodging Trust has a twelve month low of $24.98 and a twelve month high of $33.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $1.72 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 2.46 and a beta of 0.88.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.72 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. Chesapeake Lodging Trust had a net margin of 12.84% and a return on equity of 7.39%. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $165.62 million. During the same quarter in the prior year, the company earned $0.65 EPS. Chesapeake Lodging Trust’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts forecast that Chesapeake Lodging Trust will post 2.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.44%. Chesapeake Lodging Trust’s payout ratio is 73.73%.

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. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.

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

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