Chesapeake Lodging Trust (NYSE:CHSP) has been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.25.

A number of research analysts recently commented on CHSP shares. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. TheStreet cut Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research note on Friday, June 16th.

Chesapeake Lodging Trust (NYSE CHSP) traded up 1.53% during midday trading on Tuesday, reaching $25.19. The company’s stock had a trading volume of 311,855 shares. The company’s 50-day moving average price is $23.99 and its 200-day moving average price is $24.55. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 23.11 and a beta of 1.13.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The firm had revenue of $134.90 million during the quarter, compared to the consensus estimate of $132.06 million. Chesapeake Lodging Trust had a return on equity of 6.07% and a net margin of 11.77%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. On average, analysts predict that Chesapeake Lodging Trust will post $0.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.35%. Chesapeake Lodging Trust’s payout ratio is 146.79%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHSP. ProShare Advisors LLC boosted its position in Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 386 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Chesapeake Lodging Trust by 26.5% in the first quarter. State of Alaska Department of Revenue now owns 39,920 shares of the real estate investment trust’s stock valued at $955,000 after buying an additional 8,370 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Chesapeake Lodging Trust by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 300 shares during the last quarter. Graybill Bartz & Assoc Ltd. boosted its position in Chesapeake Lodging Trust by 0.5% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 141,074 shares of the real estate investment trust’s stock valued at $3,380,000 after buying an additional 643 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its position in Chesapeake Lodging Trust by 17.3% in the first quarter. Spirit of America Management Corp NY now owns 52,900 shares of the real estate investment trust’s stock valued at $1,267,000 after buying an additional 7,800 shares during the last quarter. 97.35% of the stock is owned by institutional investors.

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.

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