Schwab Charles Investment Management Inc. grew its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 714,419 shares of the real estate investment trust’s stock after acquiring an additional 57,220 shares during the period. Schwab Charles Investment Management Inc. owned about 1.19% of Chesapeake Lodging Trust worth $19,268,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Chesapeake Lodging Trust by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 399 shares during the period. GAM Holding AG increased its stake in Chesapeake Lodging Trust by 8.8% during the 2nd quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 429 shares during the period. Daiwa Securities Group Inc. increased its stake in Chesapeake Lodging Trust by 17.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 800 shares during the period. Flinton Capital Management LLC increased its stake in Chesapeake Lodging Trust by 78.4% during the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,548 shares during the period. Finally, FNY Managed Accounts LLC purchased a new stake in Chesapeake Lodging Trust during the 3rd quarter worth approximately $161,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total value of $172,080.00. Following the sale, the director now directly owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $28.76 on Tuesday. Chesapeake Lodging Trust has a 52-week low of $22.55 and a 52-week high of $29.36. 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 cap of $1,698.25, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $159.18 million. During the same period in the prior year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. equities research analysts anticipate that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.

CHSP has been the topic of several recent research reports. Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Sunday, October 1st. Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $25.00 to $32.00 in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 target price on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Chesapeake Lodging Trust in a research note 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 company’s stock. The stock has an average rating of “Hold” and an average target price of $27.17.

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Chesapeake Lodging Trust Company 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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