Principal Financial Group Inc. reduced its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,355 shares of the real estate investment trust’s stock after selling 3,893 shares during the period. Principal Financial Group Inc. owned 0.77% of Chesapeake Lodging Trust worth $12,254,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in shares of Chesapeake Lodging Trust by 7.3% during the 3rd quarter. Prudential Financial Inc. now owns 1,064,281 shares of the real estate investment trust’s stock valued at $28,703,000 after buying an additional 72,088 shares in the last quarter. IndexIQ Advisors LLC lifted its position in shares of Chesapeake Lodging Trust by 19.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 108,047 shares of the real estate investment trust’s stock valued at $2,914,000 after buying an additional 17,320 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Chesapeake Lodging Trust during the 3rd quarter valued at about $3,589,000. Forsta AP Fonden lifted its position in shares of Chesapeake Lodging Trust by 36.5% during the 3rd quarter. Forsta AP Fonden now owns 43,000 shares of the real estate investment trust’s stock valued at $1,160,000 after buying an additional 11,500 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Chesapeake Lodging Trust by 7.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 56,064 shares of the real estate investment trust’s stock valued at $1,512,000 after buying an additional 3,929 shares in the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded up $0.04 on Friday, reaching $28.88. The company had a trading volume of 240,076 shares, compared to its average volume of 312,119. The company has a market cap of $1,733.72, a P/E ratio of 13.23, a PEG ratio of 2.62 and a beta of 1.09. Chesapeake Lodging Trust has a 52 week low of $22.55 and a 52 week high of $29.09. 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 (NYSE:CHSP) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The business had revenue of $158.28 million for the quarter, compared to the consensus estimate of $159.18 million. During the same period last year, the business posted $0.71 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. equities research analysts predict that Chesapeake Lodging Trust will post 2.2 EPS for the current year.

CHSP has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 target price on shares of Chesapeake Lodging Trust in a research note on Friday, August 4th. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. TheStreet raised Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Robert W. Baird set a $27.00 target price on Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, KeyCorp reissued a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.17.

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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.

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

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