Zacks Investment Research downgraded shares of Chesapeake Lodging Trust (NYSE:CHSP) from a buy rating to a hold rating in a report released on Wednesday, November 1st.
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. “
Several other research firms also recently commented on CHSP. Deutsche Bank AG reaffirmed a hold rating and set a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. BidaskClub cut Chesapeake Lodging Trust from a buy rating to a hold rating in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a hold rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. TheStreet upgraded Chesapeake Lodging Trust from a c+ rating to a b rating in a report on Friday, August 4th. Finally, Robert W. Baird set a $27.00 target price on Chesapeake Lodging Trust and gave the company a buy rating in a report on Friday, August 25th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $26.67.
Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $27.96 on Wednesday. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $28.77. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1,680.82, a price-to-earnings ratio of 12.83, a PEG ratio of 2.56 and a beta of 1.09.
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, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The company 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 company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. sell-side analysts predict that Chesapeake Lodging Trust will post 2.19 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.60 annualized dividend and a dividend yield of 5.72%. Chesapeake Lodging Trust’s dividend payout ratio is presently 197.53%.
Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Chesapeake Lodging Trust by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 399 shares during the last quarter. GAM Holding AG lifted its holdings in Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 429 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Chesapeake Lodging Trust by 17.0% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 800 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in Chesapeake Lodging Trust by 78.4% in 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 during the last quarter. Finally, FNY Managed Accounts LLC bought a new position in Chesapeake Lodging Trust in the third quarter worth about $161,000. Institutional investors and hedge funds own 98.29% of the company’s stock.
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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