Chesapeake Lodging Trust (NYSE:CHSP) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
A number of other research analysts also recently issued reports on the company. TheStreet downgraded Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Robert W. Baird reiterated an “outperform” rating and set a $27.00 price objective (up from $26.00) on shares of Chesapeake Lodging Trust in a research note on Friday, June 16th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $25.25.
Shares of Chesapeake Lodging Trust (CHSP) traded down 0.64% during trading on Wednesday, hitting $24.88. 270,694 shares of the stock traded hands. The company has a market cap of $1.47 billion, a P/E ratio of 22.87 and a beta of 1.13. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The stock has a 50-day moving average of $24.91 and a 200 day moving average of $24.37.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. Chesapeake Lodging Trust had a return on equity of 6.07% and a net margin of 11.77%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. On average, equities research analysts predict that Chesapeake Lodging Trust will post $0.79 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of CHSP. Vanguard Group Inc. increased its position in Chesapeake Lodging Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 9,753,885 shares of the real estate investment trust’s stock valued at $233,703,000 after buying an additional 131,144 shares during the last quarter. BlackRock Inc. increased its position in Chesapeake Lodging Trust by 9,194.7% in the first quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock valued at $204,947,000 after buying an additional 8,461,612 shares during the last quarter. Morgan Stanley increased its position in Chesapeake Lodging Trust by 31.2% in the first quarter. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust’s stock valued at $85,770,000 after buying an additional 851,341 shares during the last quarter. State Street Corp increased its position in Chesapeake Lodging Trust by 7.2% in the first quarter. State Street Corp now owns 2,279,502 shares of the real estate investment trust’s stock valued at $54,617,000 after buying an additional 153,511 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Chesapeake Lodging Trust by 38.7% in the first quarter. Bank of New York Mellon Corp now owns 2,109,060 shares of the real estate investment trust’s stock valued at $50,534,000 after buying an additional 588,831 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.
About Chesapeake Lodging Trust
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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