Shares of Chesapeake Lodging Trust (NYSE:CHSP) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.86.
Several equities research analysts have recently issued reports on CHSP shares. Janney Montgomery Scott dropped their price objective on shares of Chesapeake Lodging Trust from $32.00 to $26.32 and set a “fair value” rating for the company in a research report on Friday, February 16th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Thursday, November 2nd. Deutsche Bank increased their price objective on shares of Chesapeake Lodging Trust from $23.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Robert W. Baird set a $30.00 price objective on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th.
Chesapeake Lodging Trust (CHSP) traded down $0.45 during trading on Wednesday, hitting $25.99. 393,278 shares of the stock traded hands, compared to its average volume of 281,411. Chesapeake Lodging Trust has a 52 week low of $22.55 and a 52 week high of $29.36. The firm has a market capitalization of $1,609.74, a price-to-earnings ratio of 23.41, a P/E/G ratio of 2.24 and a beta of 1.08. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). Chesapeake Lodging Trust had a return on equity of 6.67% and a net margin of 12.34%. The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $143.85 million. During the same period in the previous year, the company earned $0.48 EPS. Chesapeake Lodging Trust’s revenue was down 1.7% on a year-over-year basis. sell-side analysts forecast that Chesapeake Lodging Trust will post 2.38 earnings per share for the current fiscal year.
In other 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 transaction, the director now directly owns 19,485 shares in the company, valued at $558,829.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in CHSP. Invictus RG purchased a new position in shares of Chesapeake Lodging Trust in the third quarter valued at $139,000. FNY Managed Accounts LLC purchased a new position in shares of Chesapeake Lodging Trust in the third quarter valued at $161,000. Acadian Asset Management LLC purchased a new position in shares of Chesapeake Lodging Trust in the fourth quarter valued at $200,000. Amalgamated Bank purchased a new position in shares of Chesapeake Lodging Trust in the third quarter valued at $216,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Chesapeake Lodging Trust in the third quarter valued at $223,000. Institutional investors and hedge funds own 99.01% of the company’s stock.
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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.
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