Robert W. Baird set a $27.00 price target on Chesapeake Lodging Trust (NYSE:CHSP) in a research report report published on Friday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a sell rating to a hold rating in a report on Thursday, April 27th. TheStreet lowered shares of Chesapeake Lodging Trust from a b- rating to a c+ rating in a report on Tuesday, May 30th. BidaskClub raised shares of Chesapeake Lodging Trust from a hold rating to a buy rating in a research note on Friday, June 16th. Deutsche Bank AG reaffirmed a hold rating and issued a $22.00 price objective (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $25.00 price objective on shares of Chesapeake Lodging Trust in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $25.20.

Chesapeake Lodging Trust (NYSE:CHSP) opened at 25.01 on Friday. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 25.57 and a beta of 1.13. The firm’s 50-day moving average price is $24.97 and its 200 day moving average price is $24.31.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The company had revenue of $162.50 million for the quarter, compared to analyst estimates of $161.41 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Chesapeake Lodging Trust will post $0.82 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Chesapeake Lodging Trust by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 477 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Chesapeake Lodging Trust by 46.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,500 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Chesapeake Lodging Trust during the first quarter valued at $123,000. GAM Holding AG increased its position 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 valued at $130,000 after buying an additional 429 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position 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 valued at $142,000 after buying an additional 2,548 shares in the last quarter. 98.54% 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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