Chesapeake Lodging Trust (CHSP) Upgraded to “B” by TheStreet

Chesapeake Lodging Trust (NYSE:CHSP) was upgraded by TheStreet from a “c+” rating to a “b” rating in a report issued on Friday, August 4th.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a research report on Friday, August 4th. BidaskClub cut Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Robert W. Baird reissued an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $22.00 price objective (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Chesapeake Lodging Trust presently has a consensus rating of “Hold” and a consensus price target of $25.20.

Chesapeake Lodging Trust (NYSE:CHSP) opened at 24.61 on Friday. The stock’s 50 day moving average price is $24.92 and its 200 day moving average price is $24.32. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 25.16 and a beta of 1.13. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $161.41 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. Analysts forecast that Chesapeake Lodging Trust will post $0.82 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of CHSP. Vanguard Group Inc. boosted its position in Chesapeake Lodging Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 9,753,885 shares of the real estate investment trust’s stock valued at $233,703,000 after buying an additional 131,144 shares during the period. BlackRock Inc. raised its stake in Chesapeake Lodging Trust by 9,194.7% in the first quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock valued at $204,947,000 after buying an additional 8,461,612 shares in the last quarter. Morgan Stanley raised its stake in Chesapeake Lodging Trust by 31.2% in the first quarter. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust’s stock valued at $85,770,000 after buying an additional 851,341 shares in the last quarter. Bank of New York Mellon Corp raised its stake in 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 valued at $66,637,000 after buying an additional 614,111 shares in the last quarter. Finally, State Street Corp raised its stake in Chesapeake Lodging Trust by 2.0% in the second quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock valued at $56,906,000 after buying an additional 46,045 shares in the last quarter. 99.16% of the stock is owned by hedge funds and other institutional investors.

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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