Chesapeake Lodging Trust (CHSP) Stake Lowered by Martingale Asset Management L P

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Martingale Asset Management L P cut its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 36.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,100 shares of the real estate investment trust’s stock after selling 6,405 shares during the quarter. Martingale Asset Management L P’s holdings in Chesapeake Lodging Trust were worth $271,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Chesapeake Lodging Trust by 2.4% in the 4th quarter. BlackRock Inc. now owns 10,486,206 shares of the real estate investment trust’s stock valued at $255,339,000 after acquiring an additional 246,860 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Chesapeake Lodging Trust by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 9,369,336 shares of the real estate investment trust’s stock valued at $300,474,000 after acquiring an additional 79,085 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Chesapeake Lodging Trust by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,369,336 shares of the real estate investment trust’s stock valued at $300,474,000 after acquiring an additional 79,085 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Chesapeake Lodging Trust by 311.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,681,624 shares of the real estate investment trust’s stock worth $53,930,000 after purchasing an additional 1,273,152 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Chesapeake Lodging Trust by 2.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,025,631 shares of the real estate investment trust’s stock worth $32,893,000 after purchasing an additional 28,245 shares in the last quarter. 99.10% of the stock is owned by institutional investors.

In other news, Director Jeffrey D. Nuechterlein purchased 1,500 shares of Chesapeake Lodging Trust stock in a transaction on Friday, February 22nd. The stock was purchased at an average price of $30.11 per share, with a total value of $45,165.00. Following the transaction, the director now directly owns 14,654 shares in the company, valued at approximately $441,231.94. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.

NYSE CHSP opened at $29.36 on Friday. Chesapeake Lodging Trust has a 52-week low of $23.68 and a 52-week high of $33.81. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $1.78 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.17.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Chesapeake Lodging Trust had a return on equity of 6.09% and a net margin of 16.24%. The firm had revenue of $142.50 million during the quarter, compared to the consensus estimate of $140.58 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts expect that Chesapeake Lodging Trust will post 2.43 earnings per share for the current year.

CHSP has been the subject of a number of research reports. Wells Fargo & Co reissued a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Friday, February 22nd. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Finally, Robert W. Baird raised Chesapeake Lodging Trust from a “neutral” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Tuesday, January 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.00.

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

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