Chesapeake Lodging Trust (CHSP) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. increased its stake in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,064,281 shares of the real estate investment trust’s stock after buying an additional 72,088 shares during the period. Prudential Financial Inc. owned 1.80% of Chesapeake Lodging Trust worth $28,703,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Chesapeake Lodging Trust by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 399 shares during the period. GAM Holding AG boosted its holdings in Chesapeake Lodging Trust by 8.8% in the 2nd quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 429 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Chesapeake Lodging Trust by 17.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 800 shares during the period. Flinton Capital Management LLC boosted its holdings in Chesapeake Lodging Trust by 78.4% in the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,548 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Chesapeake Lodging Trust by 5.1% in the 2nd quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 325 shares during the period. 98.62% of the stock is owned by institutional investors and hedge funds.

Chesapeake Lodging Trust (CHSP) opened at $28.37 on Thursday. The company has a market cap of $1,706.67, a P/E ratio of 13.02, a PEG ratio of 2.60 and a beta of 1.09. The company has a quick ratio of 1.56, a current 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 issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $158.28 million during the quarter, compared to analyst estimates of $159.18 million. Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. Chesapeake Lodging Trust’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. sell-side analysts predict that Chesapeake Lodging Trust will post 2.19 earnings per share for the current fiscal year.

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A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday. J P Morgan Chase & Co downgraded shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a report on Thursday. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price objective on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. BidaskClub downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Lodging Trust has a consensus rating of “Hold” and an average target price of $26.67.

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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