Chesapeake Lodging Trust (NYSE:CHSP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $31.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.11% from the stock’s current price.

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 analysts have also commented on CHSP. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. BidaskClub raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $23.00 price target on shares of Chesapeake Lodging Trust in a report on Tuesday, October 17th. Robert W. Baird set a $27.00 price target on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.67.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.38. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The firm had revenue of $158.28 million during the quarter, compared to analyst estimates of $159.18 million. During the same quarter in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year.

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Several hedge funds have recently made changes to their positions in CHSP. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chesapeake Lodging Trust by 12.0% in the 1st 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. grew its holdings in shares of Chesapeake Lodging Trust by 46.9% in the 1st 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. Acrospire Investment Management LLC grew its holdings in shares of Chesapeake Lodging Trust by 96.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,900 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 2,400 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Chesapeake Lodging Trust in the 2nd quarter valued at $116,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Chesapeake Lodging Trust in the 1st quarter valued at $123,000. 97.99% of the stock is owned by 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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Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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