Shares of Chesapeake Lodging Trust (NYSE:CHSP) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $30.33.

Several research analysts recently issued reports on the company. Wells Fargo & Co reaffirmed a “hold” rating on shares of Chesapeake Lodging Trust in a research report on Friday, January 25th. Zacks Investment Research cut Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Deutsche Bank reaffirmed a “hold” rating and set a $30.00 target price on shares of Chesapeake Lodging Trust in a research report on Monday, February 25th. Finally, Robert W. Baird cut Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research report on Wednesday, May 8th.

In related news, Director Jeffrey D. Nuechterlein bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were bought at an average price of $30.11 per share, with a total value of $45,165.00. Following the completion of the transaction, the director now directly owns 14,654 shares in the company, valued at $441,231.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. boosted its position in Chesapeake Lodging Trust by 2,725.4% in the first quarter. Advisor Group Inc. now owns 1,667 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,608 shares during the last quarter. NumerixS Investment Technologies Inc boosted its position in Chesapeake Lodging Trust by 757.1% in the fourth quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 5,300 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Chesapeake Lodging Trust by 74.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,620 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 2,820 shares during the last quarter. Eii Capital Management Inc. boosted its position in Chesapeake Lodging Trust by 5.6% in the fourth quarter. Eii Capital Management Inc. now owns 7,390 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 395 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Chesapeake Lodging Trust in the first quarter worth $217,000. 98.70% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Lodging Trust stock traded down $0.08 during mid-day trading on Friday, reaching $29.99. The stock had a trading volume of 6,312 shares, compared to its average volume of 583,859. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.55 and a current ratio of 1.55. Chesapeake Lodging Trust has a fifty-two week low of $23.68 and a fifty-two week high of $33.81. The stock has a market capitalization of $1.83 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 2.47 and a beta of 1.14.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.30). The company had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $134.00 million. Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Research analysts forecast that Chesapeake Lodging Trust will post 2.43 EPS for the current year.

Chesapeake Lodging Trust Company Profile

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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