AQR Capital Management LLC grew its holdings in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 44.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,302 shares of the real estate investment trust’s stock after buying an additional 8,070 shares during the quarter. AQR Capital Management LLC’s holdings in Chesapeake Lodging Trust were worth $844,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Chesapeake Lodging Trust by 3.3% during the 3rd quarter. BlackRock Inc. now owns 10,239,346 shares of the real estate investment trust’s stock valued at $328,375,000 after buying an additional 327,252 shares during the last quarter. Northern Trust Corp boosted its position in shares of Chesapeake Lodging Trust by 2.4% in the 2nd quarter. Northern Trust Corp now owns 2,540,438 shares of the real estate investment trust’s stock valued at $80,379,000 after purchasing an additional 60,557 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Chesapeake Lodging Trust by 311.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,681,624 shares of the real estate investment trust’s stock valued at $53,930,000 after purchasing an additional 1,273,152 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Chesapeake Lodging Trust by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,025,631 shares of the real estate investment trust’s stock valued at $32,893,000 after purchasing an additional 28,245 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Chesapeake Lodging Trust by 205.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,014,720 shares of the real estate investment trust’s stock valued at $32,457,000 after purchasing an additional 682,205 shares during the period. Institutional investors own 97.22% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Chesapeake Lodging Trust in a report on Friday, January 25th. Finally, Robert W. Baird raised Chesapeake Lodging Trust from a “neutral” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Chesapeake Lodging Trust currently has a consensus rating of “Hold” and a consensus target price of $31.25.
CHSP traded up $0.49 on Friday, hitting $29.26. 228,817 shares of the company were exchanged, compared to its average volume of 321,366. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $1.77 billion, a PE ratio of 13.48, a PEG ratio of 2.35 and a beta of 1.17. Chesapeake Lodging Trust has a 12 month low of $23.68 and a 12 month high of $33.81.
In other news, Director Jeffrey D. Nuechterlein sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $28.45, for a total transaction of $28,450.00. Following the transaction, the director now owns 13,154 shares in the company, valued at $374,231.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.
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Chesapeake Lodging Trust Company 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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