Chesapeake Lodging Trust (NYSE:CHSP) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.50.

Several research firms have recently commented on CHSP. Deutsche Bank AG reissued a “hold” rating and issued a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. BidaskClub lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a research report on Friday. Finally, Robert W. Baird reissued an “outperform” rating and issued a $27.00 price target (up from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th.

Chesapeake Lodging Trust (NYSE:CHSP) traded up 3.33% during midday trading on Friday, hitting $25.41. The stock had a trading volume of 278,203 shares. The company’s 50 day moving average price is $24.91 and its 200-day moving average price is $24.37. The stock has a market cap of $1.53 billion, a PE ratio of 26.01 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.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $162.50 million during the quarter, compared to analyst estimates of $161.41 million. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Analysts forecast that Chesapeake Lodging Trust will post $0.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.60 annualized dividend and a yield of 6.30%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is 164.95%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Chesapeake Lodging Trust by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 477 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Chesapeake Lodging Trust by 46.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,500 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Chesapeake Lodging Trust during the first quarter valued at $123,000. SG Americas Securities LLC increased its position in shares of Chesapeake Lodging Trust by 5.1% in the second quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 325 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Chesapeake Lodging Trust during the first quarter valued at $184,000. Hedge funds and other institutional investors own 97.58% 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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