Chesapeake Lodging Trust (NYSE:CHSP) Upgraded at Zacks Investment Research

Chesapeake Lodging Trust (NYSE:CHSP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, November 2nd. The firm currently has a $31.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price target suggests a potential upside of 7.94% from the company’s current price.

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. “

A number of other research firms also recently issued reports on CHSP. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 target price on shares of Chesapeake Lodging Trust in a research report on Friday, September 22nd. SunTrust Banks, Inc. reiterated a “hold” rating and set a $23.00 target price on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a research report on Friday, August 25th. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG restated a “hold” rating and set a $22.00 price target (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.67.

Chesapeake Lodging Trust (NYSE:CHSP) opened at $28.72 on Thursday. The stock has a market cap of $1,705.46, a P/E ratio of 13.01, a PEG ratio of 2.58 and a beta of 1.09. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year high of $28.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $159.18 million. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. equities research analysts forecast that Chesapeake Lodging Trust will post 2.2 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Chesapeake Lodging Trust by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 399 shares in the last quarter. GAM Holding AG lifted its holdings in shares of Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 429 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Chesapeake Lodging Trust by 17.0% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 800 shares in the last quarter. Invictus RG purchased a new stake in shares of Chesapeake Lodging Trust in the third quarter worth about $139,000. Finally, Flinton Capital Management LLC lifted its holdings in shares of Chesapeake Lodging Trust by 78.4% in the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,548 shares in the last quarter. 98.92% of the stock is currently 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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Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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