Shares of Chesapeake Lodging Trust (NYSE:CHSP) have been given an average rating of “Buy” by the seven analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.25.

Several equities research analysts have recently commented on the company. Robert W. Baird reissued an “outperform” rating and issued a $27.00 price objective (up previously from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Zacks Investment Research raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, June 27th. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Finally, TheStreet downgraded Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th.

Chesapeake Lodging Trust (NYSE:CHSP) traded up 0.86% during trading on Tuesday, hitting $24.65. 227,847 shares of the stock were exchanged. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 22.66 and a beta of 1.13. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The firm’s 50 day moving average price is $23.99 and its 200-day moving average price is $24.55.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The company had revenue of $134.90 million during the quarter, compared to the consensus estimate of $132.06 million. Chesapeake Lodging Trust had a return on equity of 6.07% and a net margin of 11.77%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, analysts anticipate that Chesapeake Lodging Trust will post $0.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Wednesday, June 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 146.79%.

A number of large investors have recently bought and sold shares of CHSP. Bank of Montreal Can acquired a new stake in Chesapeake Lodging Trust during the second quarter worth $2,682,000. Public Employees Retirement System of Ohio boosted its stake in Chesapeake Lodging Trust by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 69,622 shares of the real estate investment trust’s stock worth $1,668,000 after buying an additional 684 shares during the period. Ranger Global Real Estate Advisors LLC acquired a new stake in Chesapeake Lodging Trust during the first quarter worth $3,278,000. State Street Corp boosted its stake in Chesapeake Lodging Trust by 7.2% in the first quarter. State Street Corp now owns 2,279,502 shares of the real estate investment trust’s stock worth $54,617,000 after buying an additional 153,511 shares during the period. Finally, Bank of America Corp DE boosted its stake in Chesapeake Lodging Trust by 64.2% in the first quarter. Bank of America Corp DE now owns 126,668 shares of the real estate investment trust’s stock worth $3,034,000 after buying an additional 49,528 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.

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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.

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