Chesapeake Lodging Trust (NYSE:CHSP)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank AG in a report released on Tuesday. They presently have a $22.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $21.00. Deutsche Bank AG’s target price suggests a potential downside of 13.35% from the stock’s current price.

A number of other research analysts have also recently commented on CHSP. TheStreet cut Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. BidaskClub upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Robert W. Baird restated an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Chesapeake Lodging Trust has a consensus rating of “Buy” and an average price target of $25.25.

Shares of Chesapeake Lodging Trust (NYSE CHSP) traded up 0.532% during midday trading on Tuesday, reaching $25.525. 117,082 shares of the company’s stock traded hands. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 23.460 and a beta of 1.13. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week high of $27.08. The stock has a 50 day moving average of $23.99 and a 200-day moving average of $24.55.

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

COPYRIGHT VIOLATION WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/18/chesapeake-lodging-trust-nysechsp-earns-hold-rating-from-deutsche-bank-ag.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHSP. Vanguard Group Inc. boosted its position in Chesapeake Lodging Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 9,753,885 shares of the real estate investment trust’s stock worth $233,703,000 after buying an additional 131,144 shares in the last quarter. BlackRock Inc. boosted its position in Chesapeake Lodging Trust by 9,194.7% in the first quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock worth $204,947,000 after buying an additional 8,461,612 shares in the last quarter. Morgan Stanley boosted its position in Chesapeake Lodging Trust by 31.2% in the first quarter. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust’s stock worth $85,770,000 after buying an additional 851,341 shares in the last quarter. State Street Corp boosted its position 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Chesapeake Lodging Trust by 38.7% in the first quarter. Bank of New York Mellon Corp now owns 2,109,060 shares of the real estate investment trust’s stock worth $50,534,000 after buying an additional 588,831 shares in the last quarter. Hedge funds and other institutional investors own 97.53% of the company’s stock.

About Chesapeake Lodging Trust

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.

Receive News & Ratings for Chesapeake Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.