Pinebridge Investments L.P. decreased its holdings in Chesapeake Lodging Trust (NYSE:CHSP) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,293 shares of the real estate investment trust’s stock after selling 3,072 shares during the quarter. Pinebridge Investments L.P. owned 0.14% of Chesapeake Lodging Trust worth $2,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. SG Americas Securities LLC increased its holdings in Chesapeake Lodging Trust by 5.1% in the 2nd quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 325 shares during the period. Texas Permanent School Fund increased its holdings in Chesapeake Lodging Trust by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 43,876 shares of the real estate investment trust’s stock valued at $1,074,000 after buying an additional 362 shares during the period. ProShare Advisors LLC increased its holdings in Chesapeake Lodging Trust by 3.5% in the 1st 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 period. Finally, Arizona State Retirement System increased its holdings in Chesapeake Lodging Trust by 1.3% in the 1st quarter. Arizona State Retirement System now owns 31,327 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 98.54% of the company’s stock.

Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at 26.00 on Friday. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.58 and a beta of 1.11. The company’s 50 day moving average is $25.24 and its 200 day moving average is $24.34.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $161.41 million. During the same period in the prior year, the business posted $0.75 earnings per share. Chesapeake Lodging Trust’s revenue was down 4.1% compared to the same quarter last year. Equities research analysts predict that Chesapeake Lodging Trust will post $0.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.60 annualized dividend and a yield of 6.15%. Chesapeake Lodging Trust’s dividend payout ratio is currently 164.95%.

Several equities analysts have commented on CHSP shares. TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a report on Friday, August 4th. Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Friday, August 25th. BidaskClub raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 target price on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $25.60.

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Chesapeake Lodging Trust Company Profile

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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