Chesapeake Lodging Trust (NYSE:CHSP)‘s stock had its “hold” rating reiterated by equities research analysts at Royal Bank Of Canada in a note issued to investors on Friday. They currently have a $25.00 price objective on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 1.61% from the stock’s current price.

Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. BidaskClub downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Robert W. Baird reiterated an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $22.00 price target (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Chesapeake Lodging Trust has an average rating of “Hold” and a consensus price target of $25.20.

Chesapeake Lodging Trust (CHSP) traded up 3.33% during mid-day trading on Friday, hitting $25.41. 278,203 shares of the stock were exchanged. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 26.01 and a beta of 1.13. The company has a 50 day moving average price of $24.91 and a 200 day moving average price of $24.37. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week high of $27.08.

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

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Institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Chesapeake Lodging Trust by 9,194.7% in the first 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 during the last quarter. Morgan Stanley increased its position in shares of Chesapeake Lodging Trust by 31.2% in the first quarter. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust’s stock worth $85,770,000 after buying an additional 851,341 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Chesapeake Lodging Trust during the second quarter worth approximately $18,597,000. Norges Bank purchased a new position in shares of Chesapeake Lodging Trust during the fourth quarter worth approximately $17,146,000. Finally, Bank of New York Mellon Corp increased its position in shares of Chesapeake Lodging Trust by 29.1% in the second 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 during the last quarter. Institutional investors own 97.58% of the company’s stock.

About Chesapeake Lodging Trust

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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