Nationwide Fund Advisors decreased its holdings in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,296 shares of the real estate investment trust’s stock after selling 4,699 shares during the period. Nationwide Fund Advisors owned about 0.22% of Chesapeake Lodging Trust worth $3,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. SG Americas Securities LLC boosted 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 worth $163,000 after buying an additional 325 shares during the period. Texas Permanent School Fund boosted 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 worth $1,074,000 after buying an additional 362 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $119,000 after buying an additional 399 shares during the period. Dupont Capital Management Corp boosted its holdings in Chesapeake Lodging Trust by 0.7% in the 2nd quarter. Dupont Capital Management Corp now owns 56,837 shares of the real estate investment trust’s stock worth $1,391,000 after buying an additional 421 shares during the period. Finally, GAM Holding AG boosted its holdings in Chesapeake Lodging Trust by 8.8% in the 2nd quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 429 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $28.25 on Monday. The company has a market cap of $1,698.25, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $29.36. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.84.

Chesapeake Lodging Trust (NYSE:CHSP) last announced 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). The company had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. equities analysts forecast that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a report on Tuesday, October 17th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $25.00 target price on shares of Chesapeake Lodging Trust in a report on Friday, September 22nd. J P Morgan Chase & Co downgraded shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a report on Thursday, November 16th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $27.00 target price on shares of Chesapeake Lodging Trust in a report on Sunday, November 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $27.17.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total value of $172,080.00. Following the sale, the director now owns 19,485 shares in the company, valued at approximately $558,829.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

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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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