Deutsche Bank Increases Chesapeake Lodging Trust (CHSP) Price Target to $26.00

Chesapeake Lodging Trust (NYSE:CHSP) had its price objective boosted by research analysts at Deutsche Bank from $23.00 to $26.00 in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price target would suggest a potential downside of 2.55% from the company’s previous close.

Several other equities research analysts have also weighed in on CHSP. Zacks Investment Research lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Robert W. Baird set a $30.00 price objective on Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Friday, December 1st. SunTrust Banks reissued a “hold” rating and set a $23.00 price objective on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Finally, JPMorgan Chase & Co. lowered Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.83.

Chesapeake Lodging Trust (CHSP) traded up $1.22 on Friday, hitting $26.68. The stock had a trading volume of 523,114 shares, compared to its average volume of 279,590. The company has a market cap of $1,680.00, a price-to-earnings ratio of 32.54, a PEG ratio of 2.14 and a beta of 1.08. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84. Chesapeake Lodging Trust has a 1-year low of $22.55 and a 1-year high of $29.36.

In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 19,485 shares of the company’s stock, valued at $558,829.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Several institutional investors have recently modified their holdings of CHSP. Invictus RG acquired a new stake in shares of Chesapeake Lodging Trust in the third quarter worth $139,000. Flinton Capital Management LLC raised its holdings in shares of 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 acquiring an additional 2,548 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Chesapeake Lodging Trust during the third quarter worth $161,000. Acadian Asset Management LLC purchased a new stake in shares of Chesapeake Lodging Trust during the fourth quarter worth $200,000. Finally, Amalgamated Bank purchased a new stake in shares of Chesapeake Lodging Trust during the third quarter worth $216,000. 99.47% of the stock is owned by institutional investors and hedge funds.

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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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