Federated Investors Inc. PA Has $9.13 Million Stake in Chesapeake Lodging Trust (NYSE:CHSP)

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Federated Investors Inc. PA cut its stake in Chesapeake Lodging Trust (NYSE:CHSP) by 32.4% in the 1st quarter, Holdings Channel reports. The firm owned 328,150 shares of the real estate investment trust’s stock after selling 157,471 shares during the quarter. Federated Investors Inc. PA’s holdings in Chesapeake Lodging Trust were worth $9,126,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisor Group Inc. raised its stake in shares of Chesapeake Lodging Trust by 2,725.4% in the first quarter. Advisor Group Inc. now owns 1,667 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,608 shares during the last quarter. NumerixS Investment Technologies Inc raised its stake in shares of Chesapeake Lodging Trust by 757.1% in the fourth quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 5,300 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Chesapeake Lodging Trust by 74.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,620 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 2,820 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Chesapeake Lodging Trust in the first quarter worth approximately $217,000. Finally, Jane Street Group LLC purchased a new stake in shares of Chesapeake Lodging Trust in the fourth quarter worth approximately $221,000. 97.81% of the stock is owned by hedge funds and other institutional investors.

Shares of CHSP opened at $28.75 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $1.74 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 2.35 and a beta of 1.04. Chesapeake Lodging Trust has a 12 month low of $23.68 and a 12 month high of $33.81.

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

Several brokerages have recently commented on CHSP. Zacks Investment Research downgraded Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Deutsche Bank reissued a “hold” rating and issued a $30.00 price objective on shares of Chesapeake Lodging Trust in a research note on Monday, February 25th. Wells Fargo & Co reissued a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Friday, February 22nd. Finally, Robert W. Baird downgraded Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Chesapeake Lodging Trust (NYSE:CHSP)

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