Shares of Chesapeake Lodging Trust (NYSE:CHSP) have earned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.40.

CHSP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 target price on shares of Chesapeake Lodging Trust in a research report on Friday, September 22nd. Robert W. Baird set a $30.00 target price on Chesapeake Lodging Trust and gave the stock a “buy” rating in a research report on Friday, December 1st. SunTrust Banks reissued a “hold” rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Finally, BidaskClub raised Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.68, for a total value of $172,080.00. Following the completion of the transaction, the director now owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Chesapeake Lodging Trust by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 399 shares during the last quarter. Invictus RG purchased a new stake in shares of Chesapeake Lodging Trust during the 3rd quarter valued at about $139,000. GAM Holding AG increased its position in shares of Chesapeake Lodging Trust by 8.8% during the 2nd quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 429 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Chesapeake Lodging Trust by 17.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 800 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Chesapeake Lodging Trust by 78.4% during the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,548 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Lodging Trust (NYSE CHSP) traded down $0.26 on Friday, hitting $28.01. The stock had a trading volume of 246,200 shares, compared to its average volume of 338,429. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1,709.07, a price-to-earnings ratio of 13.04, a PEG ratio of 2.59 and a beta of 1.09. Chesapeake Lodging Trust has a 12-month low of $22.55 and a 12-month high of $29.36.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The company had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. During the same period in the prior year, the firm earned $0.71 EPS. Chesapeake Lodging Trust’s revenue for the quarter was down 3.8% compared to the same quarter last year. equities analysts anticipate that Chesapeake Lodging Trust will post 2.2 EPS for the current fiscal year.

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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.

Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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