Chesapeake Lodging Trust (CHSP) Rating Reiterated by Robert W. Baird

Robert W. Baird reaffirmed their buy rating on shares of Chesapeake Lodging Trust (NYSE:CHSP) in a report issued on Sunday morning. Robert W. Baird currently has a $27.00 price objective on the real estate investment trust’s stock.

Several other research firms have also commented on CHSP. Zacks Investment Research upgraded Chesapeake Lodging Trust from a hold rating to a buy rating and set a $31.00 price target for the company in a research report on Thursday, November 2nd. Royal Bank Of Canada reiterated a hold rating and issued a $25.00 price objective on shares of Chesapeake Lodging Trust in a research note on Friday, September 22nd. SunTrust Banks, Inc. reiterated a hold rating and issued a $23.00 price objective on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. BidaskClub upgraded Chesapeake Lodging Trust from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reiterated a hold rating and issued a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $26.67.

Chesapeake Lodging Trust (CHSP) opened at $28.23 on Friday. Chesapeake Lodging Trust has a 52-week low of $21.47 and a 52-week high of $28.77. The company has a market capitalization of $1,674.20, a price-to-earnings ratio of 12.77, a PEG ratio of 2.53 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The firm had revenue of $158.28 million for the quarter, compared to analysts’ expectations of $159.18 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. equities research analysts predict that Chesapeake Lodging Trust will post 2.21 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Thursday, September 28th. Chesapeake Lodging Trust’s payout ratio is currently 197.53%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 131,144 shares in the last quarter. 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. Bank of New York Mellon Corp raised its stake in Chesapeake Lodging Trust by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock valued at $74,352,000 after buying an additional 33,674 shares in the last quarter. 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. Finally, Northern Trust Corp raised its stake in Chesapeake Lodging Trust by 27.0% in the second quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock valued at $54,803,000 after buying an additional 476,562 shares in the last quarter. Institutional investors and hedge funds own 98.29% of the company’s stock.

Chesapeake Lodging Trust Company Profile

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)

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