Chesapeake Lodging Trust (CHSP) Rating Reiterated by Royal Bank Of Canada
Chesapeake Lodging Trust (NYSE:CHSP)‘s stock had its “hold” rating restated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a $25.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 3.85% from the stock’s current price.
CHSP has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Tuesday. TheStreet upgraded shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a report on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and set a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. BidaskClub cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird set a $27.00 price objective on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $25.60.
Shares of Chesapeake Lodging Trust (CHSP) traded up 0.85% during midday trading on Friday, reaching $26.00. 205,302 shares of the company’s stock traded hands. The stock has a 50 day moving average of $25.24 and a 200-day moving average of $24.34. The stock has a market cap of $1.54 billion, a P/E ratio of 26.58 and a beta of 1.11. 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 issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. On average, equities research analysts forecast that Chesapeake Lodging Trust will post $0.82 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Chesapeake Lodging Trust by 12.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 477 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Chesapeake Lodging Trust by 46.9% during the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,500 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Chesapeake Lodging Trust during the first quarter worth about $123,000. GAM Holding AG boosted its holdings in Chesapeake Lodging Trust by 8.8% during the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 429 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its holdings in Chesapeake Lodging Trust by 78.4% during the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,548 shares during the last quarter. Institutional investors and hedge funds own 98.54% 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.
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