State Board of Administration of Florida Retirement System Raises Stake in Chesapeake Lodging Trust (CHSP)

State Board of Administration of Florida Retirement System grew its holdings in Chesapeake Lodging Trust (NYSE:CHSP) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,064 shares of the real estate investment trust’s stock after purchasing an additional 3,929 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of Chesapeake Lodging Trust worth $1,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC grew its stake in shares of Chesapeake Lodging Trust by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 103,393 shares of the real estate investment trust’s stock valued at $2,477,000 after buying an additional 2,480 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Chesapeake Lodging Trust by 9.9% in the 1st quarter. Geode Capital Management LLC now owns 664,535 shares of the real estate investment trust’s stock valued at $15,922,000 after buying an additional 59,972 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Chesapeake Lodging Trust by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 859,198 shares of the real estate investment trust’s stock valued at $20,586,000 after buying an additional 52,957 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Chesapeake Lodging Trust by 64.2% in the 1st quarter. Bank of America Corp DE now owns 126,668 shares of the real estate investment trust’s stock valued at $3,034,000 after buying an additional 49,528 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Chesapeake Lodging Trust by 7.2% in the 1st quarter. State Street Corp now owns 2,279,502 shares of the real estate investment trust’s stock valued at $54,617,000 after buying an additional 153,511 shares in the last quarter. Institutional investors own 98.62% of the company’s stock.

CHSP has been the subject of several recent research reports. TheStreet raised Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Robert W. Baird set a $27.00 price target on Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Friday, August 25th. Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, 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 note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.67.

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Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $28.35 on Friday. The stock has a market capitalization of $1,706.67, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84. Chesapeake Lodging Trust has a 12-month low of $22.55 and a 12-month high of $28.77.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results 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). The company had revenue of $158.28 million for the quarter, compared to the consensus estimate of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. equities analysts forecast that Chesapeake Lodging Trust will post 2.19 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.

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

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