Chesapeake Lodging Trust (NYSE:CHSP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
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. “
Other analysts have also recently issued research reports about the company. Robert W. Baird set a $27.00 target price on Chesapeake Lodging Trust and gave the stock a “buy” rating in a research report on Sunday, October 1st. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $25.00 to $32.00 in a research report on Wednesday, September 27th. 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. KeyCorp reiterated a “hold” rating on shares of Chesapeake Lodging Trust in a research report on Sunday, September 24th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $25.00 target price on shares of Chesapeake Lodging Trust in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Chesapeake Lodging Trust has a consensus rating of “Hold” and an average target price of $27.17.
Shares of Chesapeake Lodging Trust (CHSP) traded down $0.25 on Tuesday, reaching $27.28. The company’s stock had a trading volume of 241,900 shares, compared to its average volume of 359,100. 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 stock has a market capitalization of $1,654.97, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. Chesapeake Lodging Trust has a fifty-two week low of $22.55 and a fifty-two week high of $29.36.
Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. equities research analysts forecast that Chesapeake Lodging Trust will post 2.2 EPS for the current year.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.68, for a total transaction of $172,080.00. Following the completion of the transaction, the director now owns 19,485 shares in the company, valued at approximately $558,829.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chicago Equity Partners LLC purchased a new position in Chesapeake Lodging Trust during the 3rd quarter valued at approximately $3,589,000. Bank of New York Mellon Corp grew its holdings in Chesapeake Lodging Trust by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock valued at $74,352,000 after buying an additional 33,674 shares in the last quarter. Graybill Bartz & Assoc Ltd. grew its holdings in Chesapeake Lodging Trust by 1.7% during the 3rd quarter. Graybill Bartz & Assoc Ltd. now owns 147,524 shares of the real estate investment trust’s stock valued at $3,979,000 after buying an additional 2,445 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Chesapeake Lodging Trust by 169.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 199,917 shares of the real estate investment trust’s stock valued at $4,892,000 after purchasing an additional 125,627 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Chesapeake Lodging Trust by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 693,918 shares of the real estate investment trust’s stock valued at $18,715,000 after purchasing an additional 23,220 shares during the last quarter. Institutional investors and hedge funds own 99.83% 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.
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