Robert W. Baird set a $27.00 price objective on Chesapeake Lodging Trust (NYSE:CHSP) in a research report report published on Friday. The brokerage currently has a buy rating on the real estate investment trust’s stock.
A number of other equities analysts also recently weighed in on the stock. TheStreet raised shares of Chesapeake Lodging Trust from a c+ rating to a b rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a sell rating to a hold rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a hold rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a research note on Friday, August 4th. BidaskClub raised shares of Chesapeake Lodging Trust from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $25.20.
Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded down 0.20% during mid-day trading on Friday, hitting $25.22. The stock had a trading volume of 245,462 shares. The stock’s 50-day moving average price is $24.97 and its 200-day moving average price is $24.31. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 25.79 and a beta of 1.13. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. During the same quarter last year, the firm earned $0.75 earnings per share. Chesapeake Lodging Trust’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Chesapeake Lodging Trust will post $0.82 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Chesapeake Lodging Trust by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 477 shares during the period. Daiwa Securities Group Inc. increased its stake in Chesapeake Lodging Trust by 46.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,500 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Chesapeake Lodging Trust during the first quarter valued at $123,000. GAM Holding AG increased its stake in Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 429 shares during the period. Finally, Flinton Capital Management LLC increased its stake in Chesapeake Lodging Trust by 78.4% in the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 2,548 shares during the period. 99.16% of the stock is owned by hedge funds and other institutional investors.
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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