Heitman Real Estate Securities LLC reduced its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 43.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 609,639 shares of the real estate investment trust’s stock after selling 476,307 shares during the period. Heitman Real Estate Securities LLC owned approximately 1.01% of Chesapeake Lodging Trust worth $22,033,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Profund Advisors LLC boosted its holdings in shares of Chesapeake Lodging Trust by 20.7% in the first quarter. Profund Advisors LLC now owns 11,320 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 1,944 shares during the period. California Public Employees Retirement System boosted its stake in Chesapeake Lodging Trust by 1.8% during the first quarter. California Public Employees Retirement System now owns 123,056 shares of the real estate investment trust’s stock valued at $3,422,000 after buying an additional 2,168 shares during the period. OppenheimerFunds Inc. boosted its stake in Chesapeake Lodging Trust by 10.8% during the first quarter. OppenheimerFunds Inc. now owns 22,479 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 2,182 shares during the period. Swiss National Bank boosted its stake in Chesapeake Lodging Trust by 2.1% during the first quarter. Swiss National Bank now owns 104,600 shares of the real estate investment trust’s stock valued at $2,909,000 after buying an additional 2,200 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in Chesapeake Lodging Trust by 2.2% during the first quarter. New York State Common Retirement Fund now owns 112,544 shares of the real estate investment trust’s stock valued at $3,130,000 after buying an additional 2,419 shares during the period. 97.62% of the stock is owned by hedge funds and other institutional investors.

NYSE:CHSP remained flat at $$32.74 during trading hours on Friday. The company had a trading volume of 158,072 shares, compared to its average volume of 178,630. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 2.78 and a beta of 0.92. Chesapeake Lodging Trust has a 12 month low of $24.89 and a 12 month high of $33.09. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.80.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. Chesapeake Lodging Trust had a return on equity of 7.39% and a net margin of 12.84%. The business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $165.62 million. During the same quarter last year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. equities analysts predict that Chesapeake Lodging Trust will post 2.35 earnings per share for the current year.

Several equities research analysts recently issued reports on CHSP shares. Zacks Investment Research lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Robert W. Baird lowered Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, May 14th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $30.00 price objective on shares of Chesapeake Lodging Trust in a research note on Monday, July 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.72.

About Chesapeake Lodging Trust

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust REIT focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.

Recommended Story: How Do Tariffs Affect Trade Balances?

Want to see what other hedge funds are holding CHSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Lodging Trust (NYSE:CHSP).

Institutional Ownership by Quarter for Chesapeake Lodging Trust (NYSE:CHSP)

Receive News & Ratings for Chesapeake Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.