Invictus RG purchased a new position in shares of 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 5,138 shares of the real estate investment trust’s stock, valued at approximately $139,000.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Chesapeake Lodging Trust by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock valued at $74,352,000 after buying an additional 33,674 shares in the last quarter. State Street Corp lifted its stake in Chesapeake Lodging Trust by 2.0% in the 2nd quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock valued at $56,906,000 after buying an additional 46,045 shares in the last quarter. Northern Trust Corp lifted its stake in Chesapeake Lodging Trust by 27.0% in the 2nd quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock valued at $54,803,000 after buying an additional 476,562 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Chesapeake Lodging Trust by 3.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,789,979 shares of the real estate investment trust’s stock valued at $43,804,000 after buying an additional 63,574 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Chesapeake Lodging Trust by 7.3% in the 3rd quarter. Prudential Financial Inc. now owns 1,064,281 shares of the real estate investment trust’s stock valued at $28,703,000 after buying an additional 72,088 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Lodging Trust (NYSE CHSP) opened at $28.01 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1,680.00, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. Chesapeake Lodging Trust has a twelve month low of $22.55 and a twelve month high of $29.36.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The business had revenue of $158.28 million during the quarter, compared to analyst estimates of $159.18 million. Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. equities research analysts anticipate that Chesapeake Lodging Trust will post 2.2 earnings per share for the current fiscal year.

CHSP has been the topic of a number of recent research reports. Robert W. Baird set a $27.00 target price on Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Sunday, October 1st. Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. Zacks Investment Research raised 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 issued 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 investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Chesapeake Lodging Trust has an average rating of “Hold” and an average price target of $27.17.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $28.68, for a total value of $172,080.00. Following the completion of the transaction, the director now directly owns 19,485 shares in the company, valued at approximately $558,829.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

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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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