Chesapeake Lodging Trust (CHSP) Receives $26.40 Average PT from Analysts

Shares of Chesapeake Lodging Trust (NYSE:CHSP) have received a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $26.40.

CHSP has been the subject of a number of recent analyst reports. Robert W. Baird set a $30.00 price objective on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Friday, December 1st. Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $25.00 to $32.00 in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the completion of the sale, the director now owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Eii Capital Management Inc. acquired a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at $604,000. Invictus RG acquired a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at $139,000. Dimensional Fund Advisors LP lifted its stake in shares of Chesapeake Lodging Trust by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 900,308 shares of the real estate investment trust’s stock valued at $24,281,000 after purchasing an additional 19,777 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Chesapeake Lodging Trust by 8.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 714,419 shares of the real estate investment trust’s stock valued at $19,268,000 after purchasing an additional 57,220 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Chesapeake Lodging Trust by 13.1% in the 3rd quarter. Wells Fargo & Company MN now owns 739,056 shares of the real estate investment trust’s stock valued at $19,932,000 after purchasing an additional 85,526 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Chesapeake Lodging Trust (NYSE CHSP) traded up $0.09 during trading on Tuesday, reaching $27.02. 235,317 shares of the company were exchanged, compared to its average volume of 286,579. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year high of $29.36. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1,639.94, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

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 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 firm had revenue of $158.28 million during the quarter, compared to analyst estimates of $159.18 million. During the same period in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. equities analysts expect that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Thursday, December 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is currently 197.53%.

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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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