Robeco Institutional Asset Management B.V. Has $32.46 Million Position in Chesapeake Lodging Trust (CHSP)

Robeco Institutional Asset Management B.V. boosted its holdings in Chesapeake Lodging Trust (NYSE:CHSP) by 205.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,014,720 shares of the real estate investment trust’s stock after acquiring an additional 682,205 shares during the quarter. Robeco Institutional Asset Management B.V. owned 1.68% of Chesapeake Lodging Trust worth $32,457,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP raised its stake in Chesapeake Lodging Trust by 139.3% during the 3rd quarter. First Trust Advisors LP now owns 179,360 shares of the real estate investment trust’s stock valued at $5,752,000 after buying an additional 104,413 shares during the last quarter. First Quadrant L P CA purchased a new stake in Chesapeake Lodging Trust during the 3rd quarter valued at $404,000. Nisa Investment Advisors LLC raised its stake in Chesapeake Lodging Trust by 252.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 18,700 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 13,400 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Chesapeake Lodging Trust during the 3rd quarter valued at $8,296,000. Finally, Bank of Montreal Can raised its stake in Chesapeake Lodging Trust by 28.3% during the 3rd quarter. Bank of Montreal Can now owns 174,882 shares of the real estate investment trust’s stock valued at $5,608,000 after buying an additional 38,578 shares during the last quarter. 97.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of CHSP opened at $28.43 on Monday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 2.42 and a beta of 0.88. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.80. Chesapeake Lodging Trust has a 1-year low of $24.98 and a 1-year high of $33.81.



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

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.40 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 5.63%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is 73.73%.

A number of brokerages have weighed in on CHSP. 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 boosted 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. 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. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $30.00 target price on shares of Chesapeake Lodging Trust in a research note on Monday, July 30th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.86.

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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