Chesapeake Lodging Trust Stock Rating Upgraded by Citigroup Inc. (CHSP)
Chesapeake Lodging Trust (NASDAQ:CHSP) was upgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a report released on Thursday, Analyst Ratings Network reports.
Shares of Chesapeake Lodging Trust (NASDAQ:CHSP) traded down 0.21% on Thursday, hitting $24.30. 285,729 shares of the company’s stock traded hands. Chesapeake Lodging Trust has a one year low of $17.51 and a one year high of $24.13. The stock has a 50-day moving average of $22.76 and a 200-day moving average of $22.62. The company has a market cap of $1.163 billion and a P/E ratio of 41.91.
Chesapeake Lodging Trust (NASDAQ:CHSP) last released its earnings data on Monday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.24. The company had revenue of $115.60 million for the quarter, compared to the consensus estimate of $111.47 million. On average, analysts predict that Chesapeake Lodging Trust will post $0.77 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $25.70 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $25.21.
Chesapeake Lodging Trust (NASDAQ:CHSP) is a self-advised real estate investment trust (REIT).
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