Zacks Investment Research downgraded shares of Chesapeake Lodging Trust (NYSE:CHSP) from a buy rating to a hold rating in a research report released on Wednesday morning.

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 have also recently commented on CHSP. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $23.00 price target on shares of Chesapeake Lodging Trust in a report on Tuesday, October 17th. BidaskClub raised Chesapeake Lodging Trust from a buy rating to a strong-buy rating in a report on Thursday, September 28th. Robert W. Baird set a $27.00 price target on Chesapeake Lodging Trust and gave the company a buy rating in a report on Sunday, October 1st. Janney Montgomery Scott raised Chesapeake Lodging Trust from a neutral rating to a buy rating and upped their price target for the company from $25.00 to $32.00 in a report on Wednesday, September 27th. Finally, KeyCorp reaffirmed a hold rating on shares of Chesapeake Lodging Trust in a report on Sunday, September 24th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $26.67.

Chesapeake Lodging Trust (NYSE CHSP) opened at $28.09 on Wednesday. The stock has a market cap of $1.70 billion, a P/E ratio of 12.94, a P/E/G ratio of 2.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.77 and a current ratio of 1.56.

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 for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business 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%. Chesapeake Lodging Trust’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. equities research analysts forecast that Chesapeake Lodging Trust will post 2.22 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.70%. Chesapeake Lodging Trust’s payout ratio is presently 197.53%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Chesapeake Lodging Trust by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 9,753,885 shares of the real estate investment trust’s stock worth $233,703,000 after buying an additional 131,144 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Chesapeake Lodging Trust by 9,194.7% in the 1st quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock worth $204,947,000 after buying an additional 8,461,612 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Chesapeake Lodging Trust by 29.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,723,171 shares of the real estate investment trust’s stock worth $66,637,000 after buying an additional 614,111 shares in the last quarter. State Street Corp raised its holdings in shares of Chesapeake Lodging Trust by 2.0% in the 2nd quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock worth $56,906,000 after buying an additional 46,045 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Chesapeake Lodging Trust by 27.0% in the 2nd quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock worth $54,803,000 after buying an additional 476,562 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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