Sterling Capital Management LLC lowered its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 43.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 50,061 shares of the real estate investment trust’s stock after selling 38,364 shares during the quarter. Sterling Capital Management LLC owned 0.08% of Chesapeake Lodging Trust worth $1,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHSP. Zurcher Kantonalbank Zurich Cantonalbank grew 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 last quarter. GAM Holding AG raised its stake in Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 429 shares during the last quarter. Invictus RG purchased a new stake in Chesapeake Lodging Trust in the third quarter valued at about $139,000. Flinton Capital Management LLC raised its stake in Chesapeake Lodging Trust by 78.4% in the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 2,548 shares during the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in Chesapeake Lodging Trust in the third quarter valued at about $161,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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 transaction, the director now owns 19,485 shares in the company, valued at $558,829.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

A number of research analysts have recently weighed in on CHSP shares. Robert W. Baird set a $27.00 price objective on Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Sunday, October 1st. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock 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 price target on the stock in a research report on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $23.00 price target on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Finally, KeyCorp reiterated a “hold” rating on shares of Chesapeake Lodging Trust in a research report on Sunday, September 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $27.17.

Chesapeake Lodging Trust (NYSE CHSP) opened at $27.96 on Wednesday. The firm has a market capitalization of $1,728.91, a P/E ratio of 13.19, a PEG ratio of 2.62 and a beta of 1.09. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year 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.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.40 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.60 annualized dividend and a dividend yield of 5.72%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 197.53%.

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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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