Chesapeake Lodging Trust (CHSP) Receives Consensus Rating of “Buy” from Brokerages

Chesapeake Lodging Trust (NYSE:CHSP) has been given a consensus rating of “Buy” by the nine research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.67.

CHSP has been the topic of a number of analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $22.00 target price (up previously from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.00 to $32.00 in a report on Wednesday, September 27th. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Friday, August 25th.

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Chesapeake Lodging Trust (NYSE:CHSP) traded down $0.09 during trading on Monday, reaching $27.96. The company had a trading volume of 225,900 shares, compared to its average volume of 340,725. Chesapeake Lodging Trust has a fifty-two week low of $22.55 and a fifty-two week high of $28.77. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1,680.82, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The firm had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. During the same quarter in the previous year, the company posted $0.71 EPS. Chesapeake Lodging Trust’s revenue for the quarter was down 3.8% on a year-over-year basis. equities analysts anticipate that Chesapeake Lodging Trust will post 2.19 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Chesapeake Lodging Trust by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 577,567 shares of the real estate investment trust’s stock worth $13,839,000 after purchasing an additional 26,438 shares during the period. IndexIQ Advisors LLC increased its holdings in shares of Chesapeake Lodging Trust by 42.8% in the second quarter. IndexIQ Advisors LLC now owns 90,727 shares of the real estate investment trust’s stock worth $2,220,000 after purchasing an additional 27,189 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Chesapeake Lodging Trust by 29.1% in the second quarter. Bank of New York Mellon Corp now owns 2,723,171 shares of the real estate investment trust’s stock worth $66,637,000 after purchasing an additional 614,111 shares during the period. BlackRock Inc. increased its holdings in shares of 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 worth $204,947,000 after purchasing an additional 8,461,612 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Chesapeake Lodging Trust by 9.9% in the first quarter. Geode Capital Management LLC now owns 664,535 shares of the real estate investment trust’s stock worth $15,922,000 after purchasing an additional 59,972 shares during the period. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

Chesapeake Lodging Trust Company Profile

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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