Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,806 shares of the real estate investment trust’s stock after acquiring an additional 1,410 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.10% of Chesapeake Lodging Trust worth $1,537,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. IndexIQ Advisors LLC increased its holdings in shares of Chesapeake Lodging Trust by 42.8% during the second quarter. IndexIQ Advisors LLC now owns 90,727 shares of the real estate investment trust’s stock valued at $2,220,000 after acquiring an additional 27,189 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Chesapeake Lodging Trust by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 399 shares in the last quarter. GAM Holding AG increased its holdings in shares of Chesapeake Lodging Trust by 8.8% during the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 429 shares in the last quarter. Graybill Bartz & Assoc Ltd. increased its holdings in shares of Chesapeake Lodging Trust by 2.8% during the second quarter. Graybill Bartz & Assoc Ltd. now owns 145,079 shares of the real estate investment trust’s stock valued at $3,550,000 after acquiring an additional 4,005 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Chesapeake Lodging Trust by 16.8% during the second quarter. BNP Paribas Arbitrage SA now owns 39,655 shares of the real estate investment trust’s stock valued at $970,000 after acquiring an additional 5,707 shares in the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at 25.72 on Monday. The company has a 50-day moving average price of $25.22 and a 200 day moving average price of $24.32. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08. The company has a market capitalization of $1.52 billion, a P/E ratio of 26.30 and a beta of 1.11.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $161.41 million. During the same period in the prior year, the business posted $0.75 EPS. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Chesapeake Lodging Trust will post $0.82 earnings per share for the current fiscal year.

CHSP has been the subject of several analyst reports. BidaskClub upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. TheStreet downgraded Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Deutsche Bank AG restated a “hold” rating and set a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Robert W. Baird restated an “outperform” rating and set a $27.00 price target (up from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Finally, Zacks Investment Research downgraded Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.20.

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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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