Rhumbline Advisers Increases Stake in Chesapeake Lodging Trust (CHSP)

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Rhumbline Advisers grew its holdings in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 0.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 187,370 shares of the real estate investment trust’s stock after buying an additional 1,685 shares during the period. Rhumbline Advisers’ holdings in Chesapeake Lodging Trust were worth $5,211,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CHSP. Metropolitan Life Insurance Co. NY raised its position in shares of Chesapeake Lodging Trust by 200.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 22,508 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 15,016 shares during the last quarter. Geode Capital Management LLC raised its position in Chesapeake Lodging Trust by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 955,576 shares of the real estate investment trust’s stock worth $23,268,000 after buying an additional 61,413 shares during the last quarter. United Services Automobile Association raised its position in Chesapeake Lodging Trust by 9.2% in the 4th quarter. United Services Automobile Association now owns 64,260 shares of the real estate investment trust’s stock worth $1,565,000 after buying an additional 5,404 shares during the last quarter. Two Sigma Advisers LP raised its position in Chesapeake Lodging Trust by 6.0% in the 4th quarter. Two Sigma Advisers LP now owns 86,900 shares of the real estate investment trust’s stock worth $2,116,000 after buying an additional 4,910 shares during the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in Chesapeake Lodging Trust by 32.4% in the 4th quarter. Virginia Retirement Systems ET AL now owns 29,000 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 7,100 shares during the last quarter. Hedge funds and other institutional investors own 97.81% of the company’s stock.

Shares of NYSE:CHSP opened at $29.85 on Monday. Chesapeake Lodging Trust has a fifty-two week low of $23.68 and a fifty-two week high of $33.81. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 2.46 and a beta of 1.14.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.30). Chesapeake Lodging Trust had a return on equity of 6.25% and a net margin of 16.56%. The business had revenue of $133.70 million during the quarter, compared to analysts’ expectations of $134.00 million. During the same period last year, the firm posted $0.43 EPS. Chesapeake Lodging Trust’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts forecast that Chesapeake Lodging Trust will post 2.43 earnings per share for the current year.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Deutsche Bank reissued a “hold” rating and issued a $30.00 target price on shares of Chesapeake Lodging Trust in a research report on Monday, February 25th. Wells Fargo & Co reissued a “hold” rating on shares of Chesapeake Lodging Trust in a research report on Friday, February 22nd. Finally, Robert W. Baird lowered Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating and set a $31.00 target price for the company. in a research report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.60.

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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.

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Want to see what other hedge funds are holding CHSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Lodging Trust (NYSE:CHSP).

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

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