TIAA CREF Investment Management LLC raised its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,636 shares of the real estate investment trust’s stock after buying an additional 19,778 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.49% of Chesapeake Lodging Trust worth $6,916,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Chesapeake Lodging Trust by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 477 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Chesapeake Lodging Trust by 46.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,500 shares during the period. Ameritas Investment Partners Inc. bought a new position in Chesapeake Lodging Trust during the first quarter worth $123,000. Quantbot Technologies LP bought a new position in Chesapeake Lodging Trust during the first quarter worth $184,000. Finally, ProShare Advisors LLC raised its position in Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 386 shares during the period. 98.21% of the stock is owned by institutional investors and hedge funds.

Chesapeake Lodging Trust (NYSE CHSP) traded down 0.59% on Tuesday, reaching $25.45. The company had a trading volume of 356,750 shares. The firm has a market capitalization of $1.53 billion, a P/E ratio of 26.05 and a beta of 1.13. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The company’s 50-day moving average price is $24.94 and its 200 day moving average price is $24.38.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $161.41 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Chesapeake Lodging Trust will post $0.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.29%. The ex-dividend date was Wednesday, June 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 164.95%.

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A number of equities analysts have recently issued reports on the company. TheStreet downgraded Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Robert W. Baird reaffirmed an “outperform” rating and issued a $27.00 target price (up from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $22.00 target price (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.20.

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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