Shares of Chesapeake Lodging Trust (NYSE:CHSP) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the stock. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $25.20.

A number of brokerages recently commented on CHSP. Deutsche Bank AG dropped their price target on Chesapeake Lodging Trust from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, November 2nd. Zacks Investment Research lowered Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th.

In other news, CAO Graham J. Wootten bought 1,500 shares of the stock in a transaction on Thursday, November 3rd. The shares were purchased at an average cost of $21.00 per share, for a total transaction of $31,500.00. Following the completion of the purchase, the chief accounting officer now directly owns 90,669 shares in the company, valued at approximately $1,904,049. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James L. Francis bought 5,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was purchased at an average price of $22.79 per share, for a total transaction of $113,950.00. Following the completion of the purchase, the chief executive officer now owns 495,572 shares of the company’s stock, valued at $11,294,085.88. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of CHSP. Vanguard Group Inc. raised its stake in shares of Chesapeake Lodging Trust by 4.4% in the second quarter. Vanguard Group Inc. now owns 9,430,269 shares of the real estate investment trust’s stock valued at $219,254,000 after buying an additional 395,442 shares during the last quarter. BlackRock Fund Advisors raised its stake in Chesapeake Lodging Trust by 9.1% in the third quarter. BlackRock Fund Advisors now owns 4,285,400 shares of the real estate investment trust’s stock worth $98,136,000 after buying an additional 356,772 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Chesapeake Lodging Trust by 23.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,585,657 shares of the real estate investment trust’s stock worth $60,117,000 after buying an additional 485,373 shares during the last quarter. Prudential Financial Inc. raised its stake in Chesapeake Lodging Trust by 1.8% in the third quarter. Prudential Financial Inc. now owns 2,379,184 shares of the real estate investment trust’s stock worth $54,483,000 after buying an additional 41,958 shares during the last quarter. Finally, Adelante Capital Management LLC raised its stake in Chesapeake Lodging Trust by 8.5% in the third quarter. Adelante Capital Management LLC now owns 1,949,333 shares of the real estate investment trust’s stock worth $44,640,000 after buying an additional 152,623 shares during the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at 23.19 on Tuesday. The stock’s 50 day moving average price is $22.54 and its 200 day moving average price is $23.80. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.72 and a beta of 1.03. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.74.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The company had revenue of $164.50 million for the quarter, compared to analysts’ expectations of $167.65 million. Chesapeake Lodging Trust had a net margin of 12.77% and a return on equity of 6.60%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. Equities research analysts expect that Chesapeake Lodging Trust will post $1.15 earnings per share for the current year.

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Chesapeake Lodging Trust Company Profile

Chesapeake Lodging Trust (the Trust) is a self-advised real estate investment trust (REIT). The Trust is focused on investments primarily in upper-upscale hotels in business and convention markets and, on service hotels in urban settings or locations in the United States. The Trust owns over 20 hotels with over 6,700 rooms in approximately nine states and the District of Columbia.

5 Day Chart for NYSE:CHSP

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