Crossmark Global Holdings Inc. purchased a new stake in Chesapeake Lodging Trust (NYSE:CHSP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,670 shares of the real estate investment trust’s stock, valued at approximately $369,000.

Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of 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 purchasing an additional 399 shares during the last quarter. GAM Holding AG grew its holdings in shares of 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 purchasing an additional 429 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Chesapeake Lodging Trust by 17.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 800 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Chesapeake Lodging Trust by 78.4% in the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,548 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of 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 purchasing an additional 325 shares during the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $28.69 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $1,720.00, a PE ratio of 13.13, a PEG ratio of 2.61 and a beta of 1.09. Chesapeake Lodging Trust has a 52 week low of $22.55 and a 52 week high of $28.79.

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 analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $158.28 million during the quarter, compared to the consensus estimate of $159.18 million. Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. sell-side analysts predict that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.

Several equities research analysts have recently weighed in on CHSP shares. BidaskClub raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 price target on shares of Chesapeake Lodging Trust in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. TheStreet upgraded shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research report on Friday, August 4th. Finally, Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.67.

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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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