Shares of Chesapeake Lodging Trust (NYSE:CHSP) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $24.50.

CHSP has been the topic of a number of recent research reports. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. TheStreet lowered Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Deutsche Bank AG reissued a “hold” rating and issued a $22.00 target price (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Robert W. Baird reissued an “outperform” rating and issued a $27.00 target price (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Finally, Zacks Investment Research lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th.

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Chesapeake Lodging Trust (NYSE:CHSP) traded up 0.87% during midday trading on Wednesday, hitting $25.39. 456,757 shares of the company traded hands. The company has a market cap of $1.50 billion, a PE ratio of 25.96 and a beta of 1.13. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08. The stock has a 50 day moving average price of $24.97 and a 200-day moving average price of $24.31.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business had revenue of $162.50 million for the quarter, compared to analyst estimates of $161.41 million. During the same quarter last year, the firm earned $0.75 EPS. Chesapeake Lodging Trust’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts expect that Chesapeake Lodging Trust will post $0.82 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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. raised its position in 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. bought a new position in Chesapeake Lodging Trust during the first quarter valued at $123,000. GAM Holding AG raised its position in Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 429 shares during the period. Finally, Flinton Capital Management LLC raised its position in Chesapeake Lodging Trust by 78.4% in the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 2,548 shares during the period. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

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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