Chesapeake Lodging Trust (CHSP) Position Raised by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado boosted its position in Chesapeake Lodging Trust (NYSE:CHSP) by 25.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 599,600 shares of the real estate investment trust’s stock after purchasing an additional 122,900 shares during the period. Public Employees Retirement Association of Colorado owned about 0.99% of Chesapeake Lodging Trust worth $19,229,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in Chesapeake Lodging Trust by 7.5% in the 2nd quarter. BlackRock Inc. now owns 9,912,094 shares of the real estate investment trust’s stock valued at $313,619,000 after acquiring an additional 688,834 shares during the period. Northern Trust Corp raised its holdings in Chesapeake Lodging Trust by 2.4% in the 2nd quarter. Northern Trust Corp now owns 2,540,438 shares of the real estate investment trust’s stock valued at $80,379,000 after acquiring an additional 60,557 shares during the period. Morgan Stanley raised its holdings in Chesapeake Lodging Trust by 53.1% in the 2nd quarter. Morgan Stanley now owns 2,371,712 shares of the real estate investment trust’s stock valued at $75,041,000 after acquiring an additional 822,403 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Chesapeake Lodging Trust by 205.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,014,720 shares of the real estate investment trust’s stock valued at $32,457,000 after acquiring an additional 682,205 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Chesapeake Lodging Trust by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 957,647 shares of the real estate investment trust’s stock valued at $30,300,000 after acquiring an additional 8,023 shares during the period. Institutional investors and hedge funds own 97.57% of the company’s stock.

Several research analysts have weighed in on CHSP shares. Royal Bank of Canada reissued a “hold” rating and issued a $30.00 price target on shares of Chesapeake Lodging Trust in a report on Monday, July 30th. ValuEngine cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Robert W. Baird increased their price target on shares of Chesapeake Lodging Trust from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Finally, Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $29.86.



Shares of CHSP traded up $0.37 during mid-day trading on Monday, hitting $28.80. 21,421 shares of the company’s stock were exchanged, compared to its average volume of 268,588. Chesapeake Lodging Trust has a 52 week low of $24.98 and a 52 week high of $33.81. The stock has a market capitalization of $1.72 billion, a PE ratio of 13.20, a P/E/G ratio of 2.42 and a beta of 0.88. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.80.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 5.56%. Chesapeake Lodging Trust’s dividend payout ratio is presently 73.73%.

About Chesapeake Lodging Trust

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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