Chesapeake Lodging Trust (NYSE:CHSP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Chesapeake Lodging Trust is a real estate investment trust. It is a self-advised hotel investment company focused on investments in upper upscale hotels in business, airport, convention markets, and select-service hotels in urban settings or locations in the United States. “

A number of other research firms also recently weighed in on CHSP. Deutsche Bank AG restated a “hold” rating and issued a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday. Robert W. Baird restated an “outperform” rating and issued a $27.00 price target (up from $26.00) on shares of Chesapeake Lodging Trust in a research note on Friday, June 16th. BidaskClub upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, TheStreet downgraded Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Chesapeake Lodging Trust presently has an average rating of “Hold” and an average target price of $25.25.

Chesapeake Lodging Trust (CHSP) traded down 2.25% during midday trading on Thursday, reaching $24.78. The company’s stock had a trading volume of 181,579 shares. The stock has a market cap of $1.46 billion, a P/E ratio of 22.78 and a beta of 1.13. The stock’s 50 day moving average is $24.62 and its 200 day moving average is $24.42. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. Chesapeake Lodging Trust had a return on equity of 6.07% and a net margin of 11.77%. The company had revenue of $134.90 million for the quarter, compared to the consensus estimate of $132.06 million. During the same period last year, the business posted $0.44 EPS. The company’s revenue was down 4.1% on a year-over-year basis. Analysts anticipate that Chesapeake Lodging Trust will post $0.79 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can increased its stake in Chesapeake Lodging Trust by 6.1% in the first quarter. Great West Life Assurance Co. Can now owns 115,320 shares of the real estate investment trust’s stock worth $2,761,000 after buying an additional 6,633 shares during the period. Wells Fargo & Company MN increased its stake in Chesapeake Lodging Trust by 17.4% in the first quarter. Wells Fargo & Company MN now owns 599,355 shares of the real estate investment trust’s stock worth $14,360,000 after buying an additional 88,704 shares during the period. Russell Investments Group Ltd. increased its stake in Chesapeake Lodging Trust by 26.9% in the first quarter. Russell Investments Group Ltd. now owns 396,090 shares of the real estate investment trust’s stock worth $9,489,000 after buying an additional 83,930 shares during the period. Cubic Asset Management LLC increased its stake in Chesapeake Lodging Trust by 3.1% in the first quarter. Cubic Asset Management LLC now owns 79,400 shares of the real estate investment trust’s stock worth $1,902,000 after buying an additional 2,375 shares during the period. Finally, ProShare Advisors LLC increased its stake in Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 386 shares during the period. Hedge funds and other institutional investors own 97.53% of the company’s stock.

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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