Schroder Investment Management Group Has $8.56 Million Holdings in Chesapeake Lodging Trust (CHSP)

Schroder Investment Management Group reduced its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 57.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,804 shares of the real estate investment trust’s stock after selling 462,380 shares during the quarter. Schroder Investment Management Group owned 0.58% of Chesapeake Lodging Trust worth $8,556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHSP. ProShare Advisors LLC raised its position in Chesapeake Lodging Trust by 3.5% during the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 386 shares in the last quarter. Russell Investments Group Ltd. raised its position in Chesapeake Lodging Trust by 26.9% during the first quarter. Russell Investments Group Ltd. now owns 396,090 shares of the real estate investment trust’s stock worth $9,489,000 after acquiring an additional 83,930 shares in the last quarter. Wells Fargo & Company MN raised its position in Chesapeake Lodging Trust by 17.4% during the first quarter. Wells Fargo & Company MN now owns 599,355 shares of the real estate investment trust’s stock worth $14,360,000 after acquiring an additional 88,704 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Chesapeake Lodging Trust by 6.1% during the first quarter. Great West Life Assurance Co. Can now owns 115,320 shares of the real estate investment trust’s stock worth $2,761,000 after acquiring an additional 6,633 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Chesapeake Lodging Trust by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,806 shares of the real estate investment trust’s stock worth $1,385,000 after acquiring an additional 468 shares in the last quarter. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

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Several analysts have issued reports on the stock. TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research report on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and issued a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. BidaskClub downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 price objective on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.20.

Chesapeake Lodging Trust (NYSE:CHSP) opened at 25.72 on Friday. The firm has a 50 day moving average of $25.22 and a 200 day moving average of $24.32. The firm has a market capitalization of $1.52 billion, a P/E ratio of 26.30 and a beta of 1.11. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $161.41 million. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business’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 business posted $0.75 EPS. On average, analysts forecast that Chesapeake Lodging Trust will post $0.82 EPS for the current fiscal year.

Chesapeake Lodging Trust 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.

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

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