Chicago Equity Partners LLC acquired a new position in Chesapeake Lodging Trust (NYSE:CHSP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 133,060 shares of the real estate investment trust’s stock, valued at approximately $3,589,000. Chicago Equity Partners LLC owned 0.23% of Chesapeake Lodging Trust at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CHSP. BlackRock Inc. boosted its holdings in 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 purchasing an additional 8,461,612 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Chesapeake Lodging Trust during the second quarter valued at $18,597,000. Bank of New York Mellon Corp boosted its holdings in shares of Chesapeake Lodging Trust by 29.1% during the second quarter. Bank of New York Mellon Corp now owns 2,723,171 shares of the real estate investment trust’s stock valued at $66,637,000 after acquiring an additional 614,111 shares during the period. Northern Trust Corp boosted its holdings in shares of Chesapeake Lodging Trust by 27.0% during the second quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock valued at $54,803,000 after acquiring an additional 476,562 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Chesapeake Lodging Trust during the second quarter valued at $8,301,000. 98.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $28.05 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56. Chesapeake Lodging Trust has a 1 year low of $22.24 and a 1 year high of $28.77. The company has a market cap of $1,697.05, a PE ratio of 12.95, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business had revenue of $158.28 million during the quarter, compared to the consensus estimate of $159.18 million. During the same quarter last year, the firm posted $0.71 earnings per share. Chesapeake Lodging Trust’s revenue was down 3.8% compared to the same quarter last year. equities analysts anticipate that Chesapeake Lodging Trust will post 2.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend was Thursday, September 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 197.53%.

CHSP has been the subject of several analyst reports. Robert W. Baird set a $27.00 price target on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Friday, August 25th. Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $32.00 in a report on Wednesday, September 27th. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Deutsche Bank AG restated a “hold” rating and set a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Finally, KeyCorp restated a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $26.67.

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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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