California Public Employees Retirement System trimmed its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 3.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,993 shares of the real estate investment trust’s stock after selling 3,607 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Chesapeake Lodging Trust worth $2,993,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CHSP. Northern Trust Corp grew its stake in Chesapeake Lodging Trust by 27.0% during the second quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock worth $54,803,000 after buying an additional 476,562 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Chesapeake Lodging Trust in the 2nd quarter valued at approximately $8,301,000. Chicago Equity Partners LLC acquired a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at approximately $3,589,000. Parametric Portfolio Associates LLC boosted its stake in shares of Chesapeake Lodging Trust by 169.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 199,917 shares of the real estate investment trust’s stock valued at $4,892,000 after purchasing an additional 125,627 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at approximately $3,155,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $27.37 on Monday. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $29.36. 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 cap of $1,650.00, a P/E ratio of 33.38, a PEG ratio of 2.30 and a beta of 1.10.

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 for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The company had revenue of $158.28 million during the quarter, compared to analyst estimates of $159.18 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. sell-side analysts anticipate that Chesapeake Lodging Trust will post 2.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.60 annualized dividend and a yield of 5.85%. Chesapeake Lodging Trust’s dividend payout ratio is presently 195.12%.

In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the sale, the director now directly owns 19,485 shares in the company, valued at approximately $558,829.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is owned by company insiders.

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

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About Chesapeake Lodging Trust

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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