As Chesapeake Lodgi (NYSE:CHSP) Price Declined by $14.49 Million, Heitman Real Estate Securities Llc Upped Its Position

May 16, 2018 - By Margaret Guttierez

During 2017 Q4 the big money sentiment decreased to 1.14. That’s change of 0.02, from 2017Q3’s 1.16. 21 investors sold all, 53 reduced holdings as CHSP ratio dropped. 48 rose stakes while 36 funds amassed stakes. Funds hold 56.19 million shares thus 4.83% less from 2017Q3’s 59.05 million shares. Nj State Employees Deferred Compensation Plan invested in 0.19% or 40,000 shs. Manufacturers Life Insur Co The reported 44,988 shs. Credit Suisse Ag stated it has 150,643 shs or 0% of all its holdings. Metropolitan Life Ins Ny owns 0.01% invested in Chesapeake Lodging Trust (NYSE:CHSP) for 22,178 shs. Schwab Charles Investment Mgmt stated it has 0.02% of its capital in Chesapeake Lodging Trust (NYSE:CHSP). First Tru Advisors Ltd Partnership, a Illinois-based fund reported 81,651 shs. Clarivest Asset Mngmt Limited Liability invested in 0.03% or 65,900 shs. Louisiana State Employees Retirement Systems holds 25,900 shs. Moreover, Quantbot Technologies Limited Partnership has 0.01% invested in Chesapeake Lodging Trust (NYSE:CHSP) for 2,192 shs. Moreover, Virginia Retirement Et Al has 0.01% invested in Chesapeake Lodging Trust (NYSE:CHSP) for 27,700 shs. Moreover, Rhumbline Advisers has 0.01% invested in Chesapeake Lodging Trust (NYSE:CHSP). Blackrock Inc holds 9.11M shs or 0.01% of its capital. Profund Advsrs stated it has 9,376 shs or 0.01% of all its holdings. California Employees Retirement holds 0% or 120,888 shs in its capital. Employees Retirement Systems Of Ohio has 114,231 shs for 0.02% of their capital.

CHSP had 3 insider sales and 0 insider buys since May 2, 2018. This’s net activity of $6.82 million. The insider Adams D. Rick sold 75,612 shs worth $2.25M. 50,000 shs were sold by Wootten Graham J., worth $1.53M.

Based on the latest 2018Q1 filling from the SEC, Heitman Real Estate Securities Llc increased its stake in Chesapeake Lodgi (NYSE:CHSP) by 118.42%. 482,916 shares were bought by Heitman Real Estate Securities Llc as Chesapeake Lodgi (NYSE:CHSP) stock declined 2.91% with the market. Heitman Real Estate Securities Llc’s position was priced at $27.16M for 890,727 shares. It’s up from 407,811 last quarter. $1.77 billion is the Chesapeake Lodgi’s MC. Ticker’s shares touched $29.75 during the last trading session after 0.27% change.Chesapeake Lodging Trust has volume of 196,260 shares. Since May 16, 2017 CHSP has risen 14.89% and is uptrending. CHSP outperformed the S&P500 by 3.34%.

Heitman Real Estate Securities Llc operates about $2.16B and $1.26B US longs. According to a filing the fund decreased its stake in Physicians Realt (NYSE:DOC) by 908,138 shares to 1.19M shares, valued at $18.34 million in 2018Q1. It decreased Avalonbay Commun (NYSE:AVB) position by 155,759 shares to 379,907 shares, and cut its Prologis Inc (NYSE:PLD) stake.

Heitman Real Estate Securities Llc is a Illinois-based institutional investor with more than $2.16 billion AUM in March, 2014. Taken from Heitman Real Estate Securities latest Adv, the fund reported to have 17 full and part-time employees. Among which 6 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Chesapeake Lodging Trust (NYSE:CHSP) Ratings Coverage

In total 3 analysts cover Chesapeake Lodging (NYSE:CHSP). “Buy” rating has 0, “Sell” are 0, while 3 are “Hold”. (NYSE:CHSP) has 0 bullish analysts. 5 are the (NYSE:CHSP)’s ratings reports on 16 May 2018 according to StockzIntelligence Inc. On Friday, February 16 the firm has “Buy” rating given by Robert W. Baird. The company rating was maintained by Robert W. Baird on Friday, December 1. The stock rating was downgraded by Robert W. Baird to “Hold” on Monday, May 14. On Friday, February 9 Deutsche Bank maintained Chesapeake Lodging Trust (NYSE:CHSP) rating. Deutsche Bank has “Hold” rating and $26 target. On Thursday, February 15 the firm has “Hold” rating given by SunTrust.

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust 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.The firm is worth $1.77 billion. The Trust owns 21 hotels with an aggregate of 6,479 rooms in eight states and the District of Columbia.The P/E ratio is 26.8.

Chesapeake Lodging Trust (NYSE:CHSP) Institutional Investors Chart

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