Zacks Investment Research upgraded shares of Chesapeake Lodging Trust (NYSE:CHSP) from a sell rating to a hold rating in a research report report published on Monday.

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. “

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Co cut their price target on shares of Chesapeake Lodging Trust from $32.00 to $28.00 and set a market perform rating for the company in a research note on Friday, November 2nd. ValuEngine cut shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a research note on Friday, October 12th. Seven investment analysts have rated the stock with a hold rating, Chesapeake Lodging Trust currently has an average rating of Hold and an average price target of $29.55.

CHSP stock opened at $26.52 on Monday. Chesapeake Lodging Trust has a twelve month low of $24.98 and a twelve month high of $33.81. The stock has a market cap of $1.70 billion, a P/E ratio of 12.32, a PEG ratio of 2.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.75 and a current ratio of 1.75.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.32). The firm had revenue of $156.35 million for the quarter, compared to analyst estimates of $157.13 million. Chesapeake Lodging Trust had a return on equity of 7.47% and a net margin of 18.64%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. On average, sell-side analysts predict that Chesapeake Lodging Trust will post 2.3 earnings per share for the current fiscal year.

In other news, Director Jeffrey D. Nuechterlein sold 1,000 shares of Chesapeake Lodging Trust stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $28.45, for a total value of $28,450.00. Following the completion of the transaction, the director now owns 13,154 shares in the company, valued at $374,231.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey D. Nuechterlein sold 3,000 shares of Chesapeake Lodging Trust stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $29.74, for a total transaction of $89,220.00. Following the completion of the transaction, the director now owns 14,154 shares of the company’s stock, valued at approximately $420,939.96. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Several institutional investors have recently modified their holdings of CHSP. Aperio Group LLC acquired a new stake in shares of Chesapeake Lodging Trust in the second quarter valued at approximately $266,000. Wells Fargo & Company MN grew its holdings in Chesapeake Lodging Trust by 1.4% during the 2nd quarter. Wells Fargo & Company MN now owns 742,402 shares of the real estate investment trust’s stock worth $23,490,000 after acquiring an additional 10,245 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Chesapeake Lodging Trust during the 2nd quarter worth $404,000. Sei Investments Co. grew its holdings in Chesapeake Lodging Trust by 121.5% during the 2nd quarter. Sei Investments Co. now owns 17,648 shares of the real estate investment trust’s stock worth $559,000 after acquiring an additional 9,679 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Chesapeake Lodging Trust by 155.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,425 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 9,385 shares during the period. 97.22% of the stock is owned by institutional investors and hedge funds.

About Chesapeake Lodging Trust

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.

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Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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