Chesapeake Lodging Trust (NYSE:CHSP) has been assigned a $27.00 price target by equities research analysts at Robert W. Baird in a note issued to investors on Sunday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective points to a potential downside of 0.26% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. TheStreet upgraded Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research report on Friday, August 4th. Janney Montgomery Scott upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $25.00 to $32.00 in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price objective on shares of Chesapeake Lodging Trust in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.20.

Chesapeake Lodging Trust (CHSP) opened at 27.07 on Friday. The company has a market cap of $1.60 billion, a PE ratio of 27.68 and a beta of 1.11. The company has a 50 day moving average price of $25.63 and a 200-day moving average price of $24.53. Chesapeake Lodging Trust has a 12 month low of $20.81 and a 12 month high of $27.46.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. Equities analysts predict that Chesapeake Lodging Trust will post $0.82 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Chesapeake Lodging Trust (CHSP) PT Set at $27.00 by Robert W. Baird” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/10/02/chesapeake-lodging-trust-chsp-pt-set-at-27-00-by-robert-w-baird.html.

Several institutional investors and hedge funds have recently modified their holdings of the company. AXA boosted its position in shares of Chesapeake Lodging Trust by 7.4% during the 1st quarter. AXA now owns 177,900 shares of the real estate investment trust’s stock valued at $4,262,000 after acquiring an additional 12,300 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Chesapeake Lodging Trust by 4.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 577,567 shares of the real estate investment trust’s stock worth $13,839,000 after purchasing an additional 26,438 shares in the last quarter. IndexIQ Advisors LLC increased its position in shares of Chesapeake Lodging Trust by 42.8% in the second quarter. IndexIQ Advisors LLC now owns 90,727 shares of the real estate investment trust’s stock worth $2,220,000 after purchasing an additional 27,189 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Chesapeake Lodging Trust by 7.4% in the first quarter. TIAA CREF Investment Management LLC now owns 288,636 shares of the real estate investment trust’s stock worth $6,916,000 after purchasing an additional 19,778 shares during the last quarter. 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 purchasing an additional 614,111 shares during the last quarter. Hedge funds and other institutional investors own 98.54% 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.

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.