Chesapeake Lodging Trust (CHSP) Stake Lifted by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 28.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,891 shares of the real estate investment trust’s stock after acquiring an additional 34,835 shares during the period. California Public Employees Retirement System owned approximately 0.26% of Chesapeake Lodging Trust worth $4,996,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHSP. Morgan Stanley lifted its stake in Chesapeake Lodging Trust by 53.1% during the second quarter. Morgan Stanley now owns 2,371,712 shares of the real estate investment trust’s stock valued at $75,041,000 after purchasing an additional 822,403 shares during the last quarter. BlackRock Inc. lifted its stake in Chesapeake Lodging Trust by 7.5% during the second quarter. BlackRock Inc. now owns 9,912,094 shares of the real estate investment trust’s stock valued at $313,619,000 after purchasing an additional 688,834 shares during the last quarter. Heitman Real Estate Securities LLC lifted its stake in Chesapeake Lodging Trust by 166.3% during the first quarter. Heitman Real Estate Securities LLC now owns 1,085,946 shares of the real estate investment trust’s stock valued at $33,344,000 after purchasing an additional 678,135 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Chesapeake Lodging Trust during the second quarter valued at approximately $10,538,000. Finally, Bank of Montreal Can lifted its stake in Chesapeake Lodging Trust by 516.5% during the second quarter. Bank of Montreal Can now owns 136,304 shares of the real estate investment trust’s stock valued at $4,312,000 after purchasing an additional 114,194 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

Shares of NYSE:CHSP opened at $29.67 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $1.94 billion, a P/E ratio of 13.67, a PEG ratio of 2.74 and a beta of 0.88. Chesapeake Lodging Trust has a 52 week low of $24.98 and a 52 week high of $33.81.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The business had revenue of $163.30 million during the quarter, compared to the consensus estimate of $165.62 million. Chesapeake Lodging Trust had a net margin of 12.84% and a return on equity of 7.39%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, research analysts expect that Chesapeake Lodging Trust will post 2.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a $0.40 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 5.39%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 73.73%.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. ValuEngine lowered shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Robert W. Baird increased their target price on shares of Chesapeake Lodging Trust from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $30.00 target price on shares of Chesapeake Lodging Trust in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $29.86.

Chesapeake Lodging Trust Profile

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust REIT focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.

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Institutional Ownership by Quarter for Chesapeake Lodging Trust (NYSE:CHSP)

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