Chesapeake Lodging Trust (CHSP) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can trimmed its holdings in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,077 shares of the real estate investment trust’s stock after selling 4,804 shares during the period. Great West Life Assurance Co. Can owned approximately 0.19% of Chesapeake Lodging Trust worth $3,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC grew its holdings in Chesapeake Lodging Trust by 2.5% during the first quarter. Teachers Advisors LLC now owns 103,393 shares of the real estate investment trust’s stock worth $2,477,000 after acquiring an additional 2,480 shares during the period. US Bancorp DE grew its holdings in Chesapeake Lodging Trust by 8.0% during the second quarter. US Bancorp DE now owns 14,854 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 1,098 shares during the period. Daiwa Securities Group Inc. grew its holdings in Chesapeake Lodging Trust by 17.0% during the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 800 shares during the period. Texas Permanent School Fund grew its holdings in Chesapeake Lodging Trust by 0.8% during the second quarter. Texas Permanent School Fund now owns 43,876 shares of the real estate investment trust’s stock worth $1,074,000 after acquiring an additional 362 shares during the period. Finally, Sei Investments Co. grew its holdings in Chesapeake Lodging Trust by 10.3% during the second quarter. Sei Investments Co. now owns 88,678 shares of the real estate investment trust’s stock worth $2,170,000 after acquiring an additional 8,303 shares during the period. 99.85% of the stock is currently owned by institutional investors.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.68, for a total transaction of $172,080.00. Following the completion of the sale, the director now directly owns 19,485 shares in the company, valued at approximately $558,829.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

A number of research firms recently issued reports on CHSP. BidaskClub raised Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Robert W. Baird set a $30.00 price target on Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Friday, December 1st. Royal Bank of Canada reissued a “hold” rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a research note on Friday, September 22nd. KeyCorp reissued a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Finally, Zacks Investment Research cut Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Two investment 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 stock. Chesapeake Lodging Trust has a consensus rating of “Hold” and a consensus target price of $27.17.

Chesapeake Lodging Trust (NYSE:CHSP) opened at $27.91 on Wednesday. The firm has a market capitalization of $1,680.82, a PE ratio of 12.83, a P/E/G ratio of 2.55 and a beta of 1.09. Chesapeake Lodging Trust has a 12 month low of $22.55 and a 12 month high of $29.36. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business had revenue of $158.28 million for the quarter, compared to analyst estimates of $159.18 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. analysts expect that Chesapeake Lodging Trust will post 2.2 earnings per share for the current fiscal year.

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Chesapeake Lodging Trust Company 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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