J P Morgan Chase & Co Lowers Chesapeake Lodging Trust (CHSP) to Underweight

J P Morgan Chase & Co lowered shares of Chesapeake Lodging Trust (NYSE:CHSP) from a neutral rating to an underweight rating in a report issued on Thursday, Marketbeat Ratings reports.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Chesapeake Lodging Trust from a hold rating to a sell rating in a report on Tuesday, November 14th. Royal Bank Of Canada reissued a hold rating and issued a $25.00 target price on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. BidaskClub lowered shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a report on Tuesday, July 25th. TheStreet raised shares of Chesapeake Lodging Trust from a c+ rating to a b rating in a report on Friday, August 4th. Finally, SunTrust Banks, Inc. reissued a hold rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $26.67.

Chesapeake Lodging Trust (CHSP) traded down $0.01 during trading hours on Thursday, reaching $28.34. 344,211 shares of the company were exchanged, compared to its average volume of 409,813. Chesapeake Lodging Trust has a 1-year low of $22.55 and a 1-year high of $28.77. The company has a market capitalization of $1,703.66, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 2.59 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 released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business had revenue of $158.28 million for the quarter, compared to the consensus estimate of $159.18 million. During the same period in the prior year, the business posted $0.71 earnings per share. Chesapeake Lodging Trust’s revenue was down 3.8% compared to the same quarter last year. analysts anticipate that Chesapeake Lodging Trust will post 2.19 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of CHSP. Teachers Advisors LLC boosted its stake in shares of Chesapeake Lodging Trust by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 103,393 shares of the real estate investment trust’s stock valued at $2,477,000 after purchasing an additional 2,480 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Chesapeake Lodging Trust by 9.9% in the 1st quarter. Geode Capital Management LLC now owns 664,535 shares of the real estate investment trust’s stock valued at $15,922,000 after purchasing an additional 59,972 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Chesapeake Lodging Trust by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 859,198 shares of the real estate investment trust’s stock valued at $20,586,000 after purchasing an additional 52,957 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Chesapeake Lodging Trust by 64.2% in the 1st quarter. Bank of America Corp DE now owns 126,668 shares of the real estate investment trust’s stock valued at $3,034,000 after purchasing an additional 49,528 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Chesapeake Lodging Trust by 7.2% in the 1st quarter. State Street Corp now owns 2,279,502 shares of the real estate investment trust’s stock valued at $54,617,000 after purchasing an additional 153,511 shares in the last quarter. Institutional investors own 98.62% 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.

Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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