Chesapeake Lodging Trust (NYSE:CHSP) has been assigned a $30.00 target price by analysts at Robert W. Baird in a research report issued to clients and investors on Friday, December 1st. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would indicate a potential upside of 7.30% from the company’s current price.
A number of other analysts also recently weighed in on CHSP. Royal Bank of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. BidaskClub raised shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Finally, KeyCorp reissued a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chesapeake Lodging Trust has a consensus rating of “Hold” and a consensus target price of $27.17.
Chesapeake Lodging Trust (CHSP) traded down $0.05 during midday trading on Friday, reaching $27.96. 330,500 shares of the company’s stock were exchanged, compared to its average volume of 338,395. 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 company has a market cap of $1,683.82, a P/E ratio of 12.85, a P/E/G ratio of 2.55 and a beta of 1.09. Chesapeake Lodging Trust has a 52-week low of $22.55 and a 52-week high of $29.36.
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 Zacks’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The business had revenue of $158.28 million during the quarter, compared to the consensus estimate of $159.18 million. During the same period in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. research analysts forecast that Chesapeake Lodging Trust will post 2.2 earnings per share for the current fiscal year.
In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the completion of the sale, the director now directly owns 19,485 shares in the company, valued at $558,829.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.50% of the company’s stock.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 valued at $119,000 after buying an additional 399 shares in the last quarter. GAM Holding AG lifted its stake in shares of 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 valued at $130,000 after buying an additional 429 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of 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 valued at $135,000 after buying an additional 800 shares in the last quarter. Invictus RG bought a new position in shares of Chesapeake Lodging Trust during the third quarter valued at about $139,000. Finally, Flinton Capital Management LLC lifted its position 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 valued at $142,000 after purchasing an additional 2,548 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This news story was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/12/chesapeake-lodging-trust-chsp-pt-set-at-30-00-by-robert-w-baird.html.
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.
Receive News & Ratings for Chesapeake Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.