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Investment analysts at RBC Capital increased their target price on shares of Chesapeake Lodging Trust (NASDAQ:CHSP) from $26.00 to $28.00 in a note issued to investors on Friday, AnalystRatings.Net reports. RBC Capital’s price target points to a potential upside of 7.86% from the company’s current price.

Shares of Chesapeake Lodging Trust (NASDAQ:CHSP) traded down 1.03% during mid-day trading on Friday, hitting $25.96. The stock had a trading volume of 367,869 shares. Chesapeake Lodging Trust has a one year low of $19.85 and a one year high of $26.37. The stock’s 50-day moving average is $24. and its 200-day moving average is $23.88. The company has a market cap of $1.247 billion and a P/E ratio of 35.02.

Chesapeake Lodging Trust (NASDAQ:CHSP) last announced its earnings results on Thursday, February 20th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $111.60 million for the quarter, compared to the consensus estimate of $112.36 million. Analysts expect that Chesapeake Lodging Trust will post $0.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from Chesapeake Lodging Trust’s previous quarterly dividend of $0.26.

Chesapeake Lodging Trust (NASDAQ:CHSP) is a self-advised real estate investment trust (REIT).

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