State of Tennessee Treasury Department held its position in Chesapeake Lodging Trust (NYSE:CHSP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,689 shares of the real estate investment trust’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned approximately 0.09% of Chesapeake Lodging Trust worth $1,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in Chesapeake Lodging Trust by 5.1% during the second 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. Texas Permanent School Fund raised its holdings in Chesapeake Lodging Trust by 0.8% during the second quarter. Texas Permanent School Fund now owns 43,876 shares of the real estate investment trust’s stock worth $1,074,000 after purchasing an additional 362 shares in the last quarter. ProShare Advisors LLC raised its holdings in Chesapeake Lodging Trust by 3.5% during the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 386 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Chesapeake Lodging Trust by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 399 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Chesapeake Lodging Trust by 1.3% during the first quarter. Arizona State Retirement System now owns 31,327 shares of the real estate investment trust’s stock worth $751,000 after purchasing an additional 400 shares in the last quarter. 98.54% of the stock is currently owned by institutional investors.

Chesapeake Lodging Trust (CHSP) opened at 26.00 on Friday. The firm has a 50-day moving average of $25.24 and a 200 day moving average of $24.34. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week high of $27.08. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 26.58 and a beta of 1.11.

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, topping the Zacks’ 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 company 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 earned $0.75 earnings per share. Chesapeake Lodging Trust’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Chesapeake Lodging Trust will post $0.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.15%. Chesapeake Lodging Trust’s payout ratio is 164.95%.

CHSP has been the topic of several recent analyst reports. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. TheStreet cut Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Deutsche Bank AG reissued a “hold” rating and set a $22.00 target price (up previously from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Robert W. Baird reissued an “outperform” rating and set a $27.00 target price (up previously from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Finally, Zacks Investment Research cut Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Chesapeake Lodging Trust presently has an average rating of “Buy” and a consensus price target 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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