Clark Estates Inc. NY continued to hold its stake in Chesapeake Lodging Trust (NYSE:CHSP) during the second quarter, Holdings Channel reports. The fund owned 75,000 shares of the real estate investment trust’s stock at the end of the second quarter. Clark Estates Inc. NY’s holdings in Chesapeake Lodging Trust were worth $1,835,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Chesapeake Lodging Trust by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 477 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Chesapeake Lodging Trust by 46.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,500 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Chesapeake Lodging Trust during the first quarter valued at approximately $123,000. Quantbot Technologies LP purchased a new position in shares of Chesapeake Lodging Trust during the first quarter valued at approximately $184,000. Finally, ProShare Advisors LLC boosted its position in shares of Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 386 shares during the last quarter. 98.21% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Lodging Trust (CHSP) opened at 24.52 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of 25.07 and a beta of 1.13. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week high of $27.08. The company’s 50-day moving average is $24.92 and its 200-day moving average is $24.36.

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

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.60 annualized dividend and a yield of 6.53%. Chesapeake Lodging Trust’s payout ratio is presently 164.95%.

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CHSP has been the subject of several analyst reports. TheStreet upgraded shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, June 27th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 target price on shares of Chesapeake Lodging Trust in a research report on Friday, August 4th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $22.00 target price (up from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target 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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