A number of firms have modified their ratings and price targets on shares of Chesapeake Lodging Trust (NYSE: CHSP) recently:

  • 8/4/2017 – Chesapeake Lodging Trust had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $25.00 price target on the stock.
  • 8/4/2017 – Chesapeake Lodging Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 8/4/2017 – Chesapeake Lodging Trust was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 8/2/2017 – Chesapeake Lodging Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Chesapeake Lodging Trust was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/20/2017 – Chesapeake Lodging Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 7/18/2017 – Chesapeake Lodging Trust had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $22.00 price target on the stock, up previously from $21.00.
  • 6/27/2017 – Chesapeake Lodging Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. 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. “
  • 6/16/2017 – Chesapeake Lodging Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/16/2017 – Chesapeake Lodging Trust had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $27.00 price target on the stock, up previously from $26.00.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded down 2.55% during trading on Wednesday, reaching $24.80. The company had a trading volume of 282,197 shares. The firm’s 50 day moving average price is $24.94 and its 200 day moving average price is $24.38. Chesapeake Lodging Trust has a 12 month low of $20.81 and a 12 month high of $27.08. The firm has a market capitalization of $1.49 billion, a P/E ratio of 25.38 and a beta of 1.13.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $161.41 million. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. Chesapeake Lodging Trust’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities analysts predict that Chesapeake Lodging Trust will post $0.77 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date was Wednesday, June 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 164.95%.

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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