Chesapeake Lodging Trust (NYSE:CHSP) – Investment analysts at SunTrust Banks boosted their Q3 2018 earnings estimates for Chesapeake Lodging Trust in a research note issued on Tuesday. SunTrust Banks analyst P. Scholes now anticipates that the real estate investment trust will post earnings per share of $0.69 for the quarter, up from their prior estimate of $0.68. SunTrust Banks has a “Hold” rating and a $23.00 price target on the stock.

CHSP has been the subject of several other research reports. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 16th. Robert W. Baird reiterated a “buy” rating and issued a $27.00 target price on shares of Chesapeake Lodging Trust in a research note on Sunday, November 5th. Finally, Deutsche Bank boosted their price target on shares of Chesapeake Lodging Trust from $23.00 to $26.00 and gave the stock a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Chesapeake Lodging Trust presently has an average rating of “Hold” and a consensus target price of $27.83.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $26.68 on Thursday. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $29.36. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1,530.53, a price-to-earnings ratio of 11.68, a PEG ratio of 2.14 and a beta of 1.08.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC lifted its holdings in Chesapeake Lodging Trust by 47.1% during the fourth quarter. Citadel Advisors LLC now owns 168,422 shares of the real estate investment trust’s stock valued at $4,563,000 after purchasing an additional 53,939 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Chesapeake Lodging Trust by 16.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 142,809 shares of the real estate investment trust’s stock valued at $3,869,000 after purchasing an additional 19,925 shares during the last quarter. BlackRock Inc. lifted its holdings in Chesapeake Lodging Trust by 3.7% during the fourth quarter. BlackRock Inc. now owns 9,107,523 shares of the real estate investment trust’s stock valued at $246,723,000 after purchasing an additional 327,720 shares during the last quarter. Rhumbline Advisers lifted its holdings in Chesapeake Lodging Trust by 15.0% during the fourth quarter. Rhumbline Advisers now owns 151,513 shares of the real estate investment trust’s stock valued at $4,104,000 after purchasing an additional 19,741 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Chesapeake Lodging Trust by 223.5% in the fourth quarter. Arizona State Retirement System now owns 101,005 shares of the real estate investment trust’s stock worth $2,736,000 after buying an additional 69,778 shares in the last quarter. 99.47% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.68, for a total value of $172,080.00. Following the transaction, the director now directly owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by insiders.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Thursday, December 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is currently 197.53%.

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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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