SG Americas Securities LLC increased its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 71.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,442 shares of the real estate investment trust’s stock after purchasing an additional 4,776 shares during the period. SG Americas Securities LLC’s holdings in Chesapeake Lodging Trust were worth $309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IndexIQ Advisors LLC increased its stake in Chesapeake Lodging Trust by 42.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 90,727 shares of the real estate investment trust’s stock worth $2,220,000 after acquiring an additional 27,189 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Chesapeake Lodging Trust by 29.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,723,171 shares of the real estate investment trust’s stock worth $66,637,000 after acquiring an additional 614,111 shares during the last quarter. Chicago Equity Partners LLC bought a new position in Chesapeake Lodging Trust in the 3rd quarter worth about $3,589,000. Legal & General Group Plc increased its stake in Chesapeake Lodging Trust by 11.0% in the 2nd quarter. Legal & General Group Plc now owns 670,698 shares of the real estate investment trust’s stock worth $16,413,000 after acquiring an additional 66,453 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in Chesapeake Lodging Trust by 15.5% in the 2nd quarter. TD Asset Management Inc. now owns 24,650 shares of the real estate investment trust’s stock worth $603,000 after acquiring an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

A number of equities analysts have weighed in on CHSP shares. Zacks Investment Research lowered Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Royal Bank of Canada reiterated a “hold” rating and set a $25.00 price objective on shares of Chesapeake Lodging Trust in a research report on Friday, September 22nd. Robert W. Baird set a $30.00 price objective on Chesapeake Lodging Trust and gave the company a “buy” rating in a research report on Friday, December 1st. SunTrust Banks reiterated a “hold” rating and set a $23.00 price objective on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.17.

Chesapeake Lodging Trust (NYSE:CHSP) opened at $28.25 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year high of $29.36. The stock has a market capitalization of $1,698.25, a P/E ratio of 12.96, a P/E/G ratio of 2.57 and a beta of 1.09.

Chesapeake Lodging Trust (NYSE:CHSP) last posted 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 return on equity of 5.11% and a net margin of 9.71%. The company had revenue of $158.28 million for the quarter, compared to the consensus estimate of $159.18 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. Chesapeake Lodging Trust’s revenue was down 3.8% compared to the same quarter last year. analysts predict that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.

In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the firm’s stock in a transaction that occurred 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 owns 19,485 shares in the company, valued at approximately $558,829.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

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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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