Citadel Advisors LLC cut its holdings in Chesapeake Lodging Trust (NYSE:CHSP) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 114,483 shares of the real estate investment trust’s stock after selling 21,877 shares during the quarter. Citadel Advisors LLC owned about 0.19% of Chesapeake Lodging Trust worth $3,088,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp grew its position in shares of Chesapeake Lodging Trust by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock valued at $74,352,000 after purchasing an additional 33,674 shares during the period. State Street Corp boosted its position in Chesapeake Lodging Trust by 2.0% during the 2nd quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock worth $56,906,000 after acquiring an additional 46,045 shares during the last quarter. Northern Trust Corp boosted its position in Chesapeake Lodging Trust by 27.0% during the 2nd quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock worth $54,803,000 after acquiring an additional 476,562 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Chesapeake Lodging Trust by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,789,979 shares of the real estate investment trust’s stock worth $43,804,000 after acquiring an additional 63,574 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Chesapeake Lodging Trust by 7.3% during the 3rd quarter. Prudential Financial Inc. now owns 1,064,281 shares of the real estate investment trust’s stock worth $28,703,000 after acquiring an additional 72,088 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.
CHSP has been the subject of a number of recent research reports. Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $32.00 in a research report on Wednesday, September 27th. Zacks Investment Research raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Thursday, November 2nd. J P Morgan Chase & Co downgraded Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th. SunTrust Banks reaffirmed 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, Robert W. Baird reaffirmed a “buy” rating and set a $27.00 price target on shares of Chesapeake Lodging Trust in a research report on Sunday, November 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.17.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the company earned $0.71 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. sell-side analysts expect that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.
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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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