Amalgamated Bank purchased a new position in shares of Chesapeake Lodging Trust (NYSE:CHSP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,995 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 valued at $119,000 after acquiring an additional 399 shares during the period. GAM Holding AG increased its position in 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 valued at $130,000 after acquiring an additional 429 shares during the period. Daiwa Securities Group Inc. increased its position in 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 valued at $135,000 after acquiring an additional 800 shares during the period. Flinton Capital Management LLC increased its position in 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 valued at $142,000 after acquiring an additional 2,548 shares during the period. Finally, FNY Managed Accounts LLC acquired a new stake in Chesapeake Lodging Trust in the 3rd quarter valued at approximately $161,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

CHSP has been the topic of several analyst reports. Robert W. Baird set a $27.00 target price on Chesapeake Lodging Trust and gave the company a “buy” rating in a research report on Sunday, October 1st. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $32.00 in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Thursday, November 2nd. SunTrust Banks restated a “hold” rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Finally, KeyCorp restated a “hold” rating on shares of Chesapeake Lodging Trust in a research report on Sunday, September 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $27.17.

Chesapeake Lodging Trust (CHSP) opened at $28.88 on Monday. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year high of $29.09. The stock has a market capitalization of $1,736.12, a price-to-earnings ratio of 13.25, a PEG ratio of 2.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The firm had revenue of $158.28 million for the quarter, compared to analyst estimates of $159.18 million. During the same quarter last year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. sell-side analysts predict that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.

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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.

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

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