BlackRock Inc. lowered its position in Chesapeake Lodging Trust (NYSE:CHSP) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,548,435 shares of the real estate investment trust’s stock after selling 5,204 shares during the quarter. BlackRock Inc. owned 14.22% of Chesapeake Lodging Trust worth $209,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CHSP. Nationwide Fund Advisors lifted its stake in shares of Chesapeake Lodging Trust by 4.0% during the second quarter. Nationwide Fund Advisors now owns 132,995 shares of the real estate investment trust’s stock worth $3,254,000 after purchasing an additional 5,102 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Chesapeake Lodging Trust by 3.7% during the second quarter. Ameriprise Financial Inc. now owns 1,789,979 shares of the real estate investment trust’s stock worth $43,804,000 after purchasing an additional 63,574 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Chesapeake Lodging Trust during the second quarter worth about $247,000. Teachers Advisors LLC lifted its stake in shares of Chesapeake Lodging Trust by 5.6% during the second quarter. Teachers Advisors LLC now owns 109,229 shares of the real estate investment trust’s stock worth $2,673,000 after purchasing an additional 5,836 shares in the last quarter. Finally, AJO LP acquired a new position in shares of Chesapeake Lodging Trust during the second quarter worth about $2,663,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.

A number of brokerages have commented on CHSP. Robert W. Baird set a $27.00 price objective on Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Sunday, October 1st. BidaskClub upgraded Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $32.00 in a research note on Wednesday, September 27th. KeyCorp restated a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $25.00 price objective on shares of Chesapeake Lodging Trust in a research note on Friday, September 22nd. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Chesapeake Lodging Trust has an average rating of “Buy” and a consensus target price of $27.20.

Chesapeake Lodging Trust (NYSE:CHSP) opened at 27.65 on Monday. The firm’s 50 day moving average price is $25.86 and its 200-day moving average price is $24.61. The firm has a market cap of $1.63 billion, a PE ratio of 28.27 and a beta of 1.11. Chesapeake Lodging Trust has a 52 week low of $20.81 and a 52 week high of $27.70.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $162.50 million for the quarter, compared to the consensus estimate of $161.41 million. During the same period in the prior year, the business posted $0.75 earnings per share. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts forecast that Chesapeake Lodging Trust will post $0.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend is Thursday, September 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is 164.95%.

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Chesapeake Lodging Trust Profile

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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