Chesapeake Lodging Trust (CHSP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Chesapeake Lodging Trust (NYSE:CHSP) have received an average rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.40.

Several analysts have commented on CHSP shares. Robert W. Baird set a $30.00 target price on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $23.00 target price on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. cut shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th.

Chesapeake Lodging Trust (NYSE:CHSP) traded down $0.32 during trading hours on Friday, reaching $27.79. The company’s stock had a trading volume of 142,869 shares, compared to its average volume of 346,064. Chesapeake Lodging Trust has a 12-month low of $22.55 and a 12-month high of $29.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $1,670.00, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data 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). The firm had revenue of $158.28 million for the quarter, compared to analyst estimates of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. analysts forecast that Chesapeake Lodging Trust will post 2.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Thursday, December 28th. Chesapeake Lodging Trust’s dividend payout ratio is currently 195.12%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invictus RG bought a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at $139,000. Flinton Capital Management LLC increased its position in shares of Chesapeake Lodging Trust by 78.4% in 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 buying an additional 2,548 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at $161,000. Acadian Asset Management LLC bought a new stake in shares of Chesapeake Lodging Trust in the 4th quarter valued at $200,000. Finally, Amalgamated Bank bought a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 99.68% 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.

Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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