Chesapeake Lodging Trust (NYSE:CHSP)‘s stock had its “hold” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued to investors on Friday. They currently have a $25.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s target price points to a potential downside of 3.85% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. BidaskClub raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. TheStreet lowered shares of Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Deutsche Bank AG reissued a “hold” rating and set a $22.00 target price (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Robert W. Baird reissued an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Finally, Zacks Investment Research lowered shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $25.60.

Chesapeake Lodging Trust (NYSE CHSP) opened at 26.00 on Friday. The company has a 50-day moving average of $25.24 and a 200 day moving average of $24.34. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.58 and a beta of 1.11.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $161.41 million. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts anticipate that Chesapeake Lodging Trust will post $0.82 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Chesapeake Lodging Trust by 12.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 477 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Chesapeake Lodging Trust by 46.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,500 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Chesapeake Lodging Trust in the 1st quarter worth approximately $123,000. GAM Holding AG lifted its position in shares of Chesapeake Lodging Trust by 8.8% in the 2nd quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 429 shares during the period. Finally, Flinton Capital Management LLC lifted its position in shares of Chesapeake Lodging Trust by 78.4% in the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,548 shares during the period. Hedge funds and other institutional investors own 98.54% of the company’s stock.

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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