Zacks Investment Research cut shares of Chesapeake Lodging Trust (NYSE:CHSP) from a buy rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

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. “

Separately, Robert W. Baird set a $182.00 price target on shares of Visa and gave the stock an outperform rating in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating, The company has an average rating of Hold and an average target price of $30.60.

CHSP stock opened at $28.19 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.79. Chesapeake Lodging Trust has a one year low of $23.68 and a one year high of $33.81. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.29 and a beta of 0.98. The firm’s 50-day moving average price is $28.67.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.30). Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. The firm had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $134.00 million. During the same period in the prior year, the company posted $0.43 earnings per share. Chesapeake Lodging Trust’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts forecast that Chesapeake Lodging Trust will post 2.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Thursday, June 27th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is 68.38%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Chesapeake Lodging Trust by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 39,951 shares of the real estate investment trust’s stock valued at $1,109,000 after acquiring an additional 412 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Chesapeake Lodging Trust by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,391 shares of the real estate investment trust’s stock valued at $651,000 after acquiring an additional 423 shares in the last quarter. Arizona State Retirement System raised its position in Chesapeake Lodging Trust by 0.8% during the first quarter. Arizona State Retirement System now owns 93,738 shares of the real estate investment trust’s stock valued at $2,607,000 after acquiring an additional 732 shares in the last quarter. Mason Street Advisors LLC raised its position in Chesapeake Lodging Trust by 4.1% during the first quarter. Mason Street Advisors LLC now owns 19,515 shares of the real estate investment trust’s stock valued at $543,000 after acquiring an additional 760 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its position in Chesapeake Lodging Trust by 6.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 15,265 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 912 shares in the last quarter. 97.81% of the stock is owned by institutional investors and hedge funds.

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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