Shares of Chesapeake Lodging Trust (NYSE:CHSP) have received an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.26.

Several brokerages have issued reports on CHSP. Zacks Investment Research lowered Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Royal Bank of Canada restated a “hold” rating and issued a $30.00 target price on shares of Chesapeake Lodging Trust in a research note on Monday, July 30th. Finally, Robert W. Baird boosted their target price on Chesapeake Lodging Trust from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 30th.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Chesapeake Lodging Trust by 7.5% during the 2nd quarter. BlackRock Inc. now owns 9,912,094 shares of the real estate investment trust’s stock valued at $313,619,000 after purchasing an additional 688,834 shares during the period. Northern Trust Corp raised its stake in shares of Chesapeake Lodging Trust by 1.8% during the 1st quarter. Northern Trust Corp now owns 2,479,881 shares of the real estate investment trust’s stock valued at $68,966,000 after purchasing an additional 43,559 shares during the period. Morgan Stanley raised its stake in shares of Chesapeake Lodging Trust by 53.1% during the 2nd quarter. Morgan Stanley now owns 2,371,712 shares of the real estate investment trust’s stock valued at $75,041,000 after purchasing an additional 822,403 shares during the period. Centersquare Investment Management LLC bought a new stake in shares of Chesapeake Lodging Trust during the 1st quarter valued at $48,874,000. Finally, Heitman Real Estate Securities LLC raised its stake in shares of Chesapeake Lodging Trust by 166.3% during the 1st quarter. Heitman Real Estate Securities LLC now owns 1,085,946 shares of the real estate investment trust’s stock valued at $33,344,000 after purchasing an additional 678,135 shares during the period. Institutional investors own 95.99% of the company’s stock.

Shares of CHSP opened at $32.51 on Wednesday. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.67 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.53 and a current ratio of 1.53. Chesapeake Lodging Trust has a 1 year low of $24.43 and a 1 year high of $32.95.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its earnings results on Friday, July 27th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $163.30 million for the quarter, compared to analyst estimates of $165.62 million. Chesapeake Lodging Trust had a return on equity of 7.39% and a net margin of 12.84%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. research analysts anticipate that Chesapeake Lodging Trust will post 2.34 earnings per share for the current fiscal year.

About Chesapeake Lodging Trust

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.

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Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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