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Equities research analysts at SunTrust increased their target price on shares of Chesapeake Lodging Trust (NASDAQ:CHSP) from $28.00 to $30.00 in a research note issued to investors on Tuesday. SunTrust’s price target points to a potential upside of 2.70% from the company’s current price.

Chesapeake Lodging Trust (NASDAQ:CHSP) traded down 4.42% on Tuesday, hitting $29.21. The stock had a trading volume of 430,486 shares. Chesapeake Lodging Trust has a 52 week low of $21.72 and a 52 week high of $31.07. The stock’s 50-day moving average is $30.30 and its 200-day moving average is $27.53. The company has a market cap of $1.430 billion and a P/E ratio of 37.04.

Chesapeake Lodging Trust (NASDAQ:CHSP) last announced its earnings results on Monday, August 4th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.30. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $129.99 million. Chesapeake Lodging Trust’s revenue was up 11.5% compared to the same quarter last year. On average, analysts predict that Chesapeake Lodging Trust will post $0.90 earnings per share for the current fiscal year.

A number of other firms have also recently commented on CHSP. Analysts at RBC Capital raised their price target on shares of Chesapeake Lodging Trust from $29.00 to $32.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Chesapeake Lodging Trust from $26.00 to $30.00 in a research note on Tuesday. Finally, analysts at FBR Capital Markets downgraded shares of Chesapeake Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 12th. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Chesapeake Lodging Trust currently has an average rating of “Buy” and an average target price of $29.96.

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

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