Zacks Investment Research upgraded shares of Chesapeake Lodging Trust (NYSE:CHSP) from a sell rating to a hold rating in a research report released on Tuesday 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 brokerages also recently commented on CHSP. ValuEngine downgraded shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a research report on Friday, October 12th. Wells Fargo & Co lowered their price objective on shares of Chesapeake Lodging Trust from $32.00 to $28.00 and set a market perform rating for the company in a research report on Friday, November 2nd. Seven research analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average price target of $29.55.

Shares of CHSP opened at $28.56 on Tuesday. Chesapeake Lodging Trust has a one year low of $24.98 and a one year high of $33.81. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 2.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.75.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.32). Chesapeake Lodging Trust had a net margin of 18.64% and a return on equity of 7.47%. The firm had revenue of $156.35 million for the quarter, compared to analyst estimates of $157.13 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that Chesapeake Lodging Trust will post 2.3 earnings per share for the current fiscal year.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $29.74, for a total transaction of $89,220.00. Following the sale, the director now owns 14,154 shares of the company’s stock, valued at $420,939.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new stake in shares of Chesapeake Lodging Trust during the second quarter worth $140,000. SG Americas Securities LLC grew its stake in shares of Chesapeake Lodging Trust by 609.8% during the second quarter. SG Americas Securities LLC now owns 58,530 shares of the real estate investment trust’s stock worth $1,852,000 after buying an additional 50,284 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Chesapeake Lodging Trust by 10.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 63,520 shares of the real estate investment trust’s stock worth $2,010,000 after buying an additional 6,220 shares during the last quarter. Sei Investments Co. grew its stake in shares of Chesapeake Lodging Trust by 121.5% during the second quarter. Sei Investments Co. now owns 17,648 shares of the real estate investment trust’s stock worth $559,000 after buying an additional 9,679 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Chesapeake Lodging Trust by 28.3% during the third quarter. Bank of Montreal Can now owns 174,882 shares of the real estate investment trust’s stock worth $5,608,000 after buying an additional 38,578 shares during the last quarter.

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.

Featured Story: How To Calculate Debt-to-Equity Ratio

Get a free copy of the Zacks research report on Chesapeake Lodging Trust (CHSP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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.