Global X Management Co. LLC increased its position in Chesapeake Lodging Trust (NYSE:CHSP) by 21.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 48,499 shares of the real estate investment trust’s stock after buying an additional 8,431 shares during the period. Global X Management Co. LLC owned 0.08% of Chesapeake Lodging Trust worth $1,187,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in shares of 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 valued at $113,000 after buying an additional 1,500 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Chesapeake Lodging Trust by 25.6% in the first quarter. Public Employees Retirement Association of Colorado now owns 431,200 shares of the real estate investment trust’s stock valued at $10,332,000 after buying an additional 88,000 shares during the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Chesapeake Lodging Trust by 12.1% in the first quarter. IndexIQ Advisors LLC now owns 63,538 shares of the real estate investment trust’s stock valued at $1,522,000 after buying an additional 6,873 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Chesapeake Lodging Trust by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,806 shares of the real estate investment trust’s stock valued at $1,385,000 after buying an additional 468 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Chesapeake Lodging Trust by 6.1% in the first quarter. Great West Life Assurance Co. Can now owns 115,320 shares of the real estate investment trust’s stock valued at $2,761,000 after buying an additional 6,633 shares during the last quarter. Institutional investors own 99.16% of the company’s stock.

Chesapeake Lodging Trust (CHSP) opened at 24.52 on Monday. The company has a 50 day moving average of $24.92 and a 200 day moving average of $24.36. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The firm has a market capitalization of $1.45 billion, a PE ratio of 25.07 and a beta of 1.13.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. During the same period last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts forecast that Chesapeake Lodging Trust will post $0.77 EPS for the current year.

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Several analysts have commented on the stock. TheStreet upgraded shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and issued a $22.00 target price (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. BidaskClub cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 target price on shares of Chesapeake Lodging Trust in a research note on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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