Pioneer Investment Management Inc. reduced its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 79.7% during the second quarter, Holdings Channel reports. The institutional investor owned 101,033 shares of the real estate investment trust’s stock after selling 397,847 shares during the period. Pioneer Investment Management Inc.’s holdings in Chesapeake Lodging Trust were worth $2,472,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CHSP. Louisiana State Employees Retirement System raised its stake in Chesapeake Lodging Trust by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 300 shares in the last quarter. Texas Permanent School Fund raised its stake in Chesapeake Lodging Trust by 0.8% in the second quarter. Texas Permanent School Fund now owns 43,876 shares of the real estate investment trust’s stock valued at $1,074,000 after buying an additional 362 shares in the last quarter. ProShare Advisors LLC raised its stake in Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 386 shares in the last quarter. Arizona State Retirement System raised its stake in Chesapeake Lodging Trust by 1.3% in the first quarter. Arizona State Retirement System now owns 31,327 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 400 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Chesapeake Lodging Trust by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,806 shares of the real estate investment trust’s stock valued at $1,385,000 after buying an additional 468 shares in the last quarter. Institutional investors and hedge funds own 99.16% of the company’s stock.

Chesapeake Lodging Trust (CHSP) opened at 25.10 on Tuesday. Chesapeake Lodging Trust has a 12 month low of $20.81 and a 12 month high of $27.08. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 25.66 and a beta of 1.13. The stock’s 50 day moving average price is $24.92 and its 200-day moving average price is $24.33.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The firm had revenue of $162.50 million for the quarter, compared to the consensus estimate of $161.41 million. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities research analysts predict that Chesapeake Lodging Trust will post $0.77 EPS for the current year.

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Several equities research analysts have commented on the company. TheStreet lowered Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 price objective on shares of Chesapeake Lodging Trust in a research report on Friday, August 4th. BidaskClub lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Robert W. Baird restated an “outperform” rating and issued a $27.00 price objective (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.20.

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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