Louisiana State Employees Retirement System continued to hold its position in Chesapeake Lodging Trust (NYSE:CHSP) during the second quarter, Holdings Channel reports. The institutional investor owned 24,500 shares of the real estate investment trust’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Chesapeake Lodging Trust were worth $600,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Chesapeake Lodging Trust by 9,194.7% in the first quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock worth $204,947,000 after buying an additional 8,461,612 shares in the last quarter. Morgan Stanley increased its stake in shares of Chesapeake Lodging Trust by 31.2% in the first quarter. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust’s stock worth $85,770,000 after buying an additional 851,341 shares in the last quarter. Norges Bank purchased a new stake in shares of Chesapeake Lodging Trust during the fourth quarter worth $17,146,000. Bank of New York Mellon Corp increased its stake in shares of Chesapeake Lodging Trust by 38.7% in the first quarter. Bank of New York Mellon Corp now owns 2,109,060 shares of the real estate investment trust’s stock worth $50,534,000 after buying an additional 588,831 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Chesapeake Lodging Trust by 7.2% in the first quarter. State Street Corp now owns 2,279,502 shares of the real estate investment trust’s stock worth $54,617,000 after buying an additional 153,511 shares in the last quarter. Institutional investors own 98.21% of the company’s stock.

Shares of Chesapeake Lodging Trust (CHSP) traded down 0.55% during mid-day trading on Tuesday, reaching $25.46. 63,060 shares of the company’s stock traded hands. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 26.06 and a beta of 1.13. Chesapeake Lodging Trust has a 12 month low of $20.81 and a 12 month high of $27.08. The company has a 50 day moving average of $24.91 and a 200 day moving average of $24.37.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $161.41 million. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s revenue was down 4.1% compared to the same quarter last year. Analysts expect that Chesapeake Lodging Trust will post $0.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date was Wednesday, June 28th. Chesapeake Lodging Trust’s payout ratio is 164.95%.

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A number of analysts recently weighed in on the stock. TheStreet upgraded shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research report on Friday. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a research report on Friday. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $25.20.

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.

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

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