Chesapeake Lodging Trust (CHSP) Holdings Boosted by State Street Corp

State Street Corp boosted its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,325,547 shares of the real estate investment trust’s stock after purchasing an additional 46,045 shares during the period. State Street Corp owned approximately 3.94% of Chesapeake Lodging Trust worth $56,906,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CHSP. UBS Asset Management Americas Inc. raised its stake in Chesapeake Lodging Trust by 22.9% during the first quarter. UBS Asset Management Americas Inc. now owns 114,856 shares of the real estate investment trust’s stock worth $2,752,000 after purchasing an additional 21,403 shares during the period. OppenheimerFunds Inc. raised its stake in Chesapeake Lodging Trust by 36.3% during the first quarter. OppenheimerFunds Inc. now owns 20,218 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 5,382 shares during the period. Teachers Advisors LLC raised its stake in Chesapeake Lodging Trust by 2.5% during the first quarter. Teachers Advisors LLC now owns 103,393 shares of the real estate investment trust’s stock worth $2,477,000 after purchasing an additional 2,480 shares during the period. TIAA CREF Investment Management LLC raised its stake in Chesapeake Lodging Trust by 7.4% during the first quarter. TIAA CREF Investment Management LLC now owns 288,636 shares of the real estate investment trust’s stock worth $6,916,000 after purchasing an additional 19,778 shares during the period. Finally, Vanguard Group Inc. raised its stake in Chesapeake Lodging Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 9,753,885 shares of the real estate investment trust’s stock worth $233,703,000 after purchasing an additional 131,144 shares during the period. 97.99% of the stock is currently owned by institutional investors.

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A number of research firms have weighed in on CHSP. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $23.00 price target on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Robert W. Baird set a $27.00 price target on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Sunday, October 1st. Finally, Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $26.50.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share.

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

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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