Sei Investments Co. Sells 30,257 Shares of Chesapeake Lodging Trust (CHSP)

Sei Investments Co. decreased its position in Chesapeake Lodging Trust (NYSE:CHSP) by 34.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,421 shares of the real estate investment trust’s stock after selling 30,257 shares during the period. Sei Investments Co. owned 0.10% of Chesapeake Lodging Trust worth $1,576,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Chesapeake Lodging Trust by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 399 shares during the last quarter. GAM Holding AG boosted its holdings in Chesapeake Lodging Trust by 8.8% during the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 429 shares during the last quarter. Daiwa Securities Group Inc. boosted 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 buying an additional 800 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in Chesapeake Lodging Trust by 78.4% during the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,548 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Chesapeake Lodging Trust by 5.1% during the second quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

A number of brokerages have issued reports on CHSP. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Tuesday, September 19th. Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $25.00 to $32.00 in a research report on Wednesday, September 27th. KeyCorp reaffirmed a “hold” rating on shares of Chesapeake Lodging Trust in a research report on Sunday, September 24th. J P Morgan Chase & Co lowered Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th. Finally, BidaskClub raised Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.17.

In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.68, for a total value of $172,080.00. Following the sale, the director now owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.

Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $28.43 on Wednesday. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year high of $29.36. The company has a market capitalization of $1,730.71, a PE ratio of 13.21, a PEG ratio of 2.62 and a beta of 1.09. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84.

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

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

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