Macquarie Group Ltd. continued to hold its position in Chesapeake Lodging Trust (NYSE:CHSP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,800 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Macquarie Group Ltd.’s holdings in Chesapeake Lodging Trust were worth $436,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CHSP. SG Americas Securities LLC increased its stake in Chesapeake Lodging Trust by 5.1% in the 2nd quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 325 shares during the period. Texas Permanent School Fund increased its stake in shares of Chesapeake Lodging Trust by 0.8% during 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Chesapeake Lodging Trust by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 399 shares during the period. Dupont Capital Management Corp increased its stake in shares of Chesapeake Lodging Trust by 0.7% during the second quarter. Dupont Capital Management Corp now owns 56,837 shares of the real estate investment trust’s stock valued at $1,391,000 after buying an additional 421 shares during the period. Finally, GAM Holding AG increased its stake in shares of Chesapeake Lodging Trust by 8.8% during 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 period. Institutional investors own 97.99% of the company’s stock.

CHSP has been the topic of several recent research reports. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a research note on Friday, September 22nd. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $23.00 price target on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Robert W. Baird set a $27.00 price target on Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.50.

Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at 27.90 on Wednesday. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $28.77. The firm has a 50-day moving average price of $27.16 and a 200 day moving average price of $25.18. The company has a market capitalization of $1.65 billion, a P/E ratio of 28.53 and a beta of 1.11.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the 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 company had revenue of $162.50 million for the quarter, compared to the consensus estimate of $161.41 million. During the same period last year, the business posted $0.75 EPS. Chesapeake Lodging Trust’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities research analysts predict that Chesapeake Lodging Trust will post $0.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.73%. Chesapeake Lodging Trust’s dividend payout ratio is presently 164.95%.

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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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