Chesapeake Lodging Trust (NYSE:CHSP)‘s stock had its “hold” rating restated by research analysts at KeyCorp in a research note issued to investors on Sunday.

CHSP has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, September 19th. TheStreet upgraded shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a report on Friday, August 4th. Deutsche Bank AG restated a “hold” rating and set a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. BidaskClub lowered shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $25.00 price objective on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $25.60.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at 26.00 on Friday. The company has a 50-day moving average of $25.24 and a 200-day moving average of $24.34. The company has a market capitalization of $1.54 billion, a PE ratio of 26.58 and a beta of 1.11. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $162.50 million for the quarter, compared to analyst estimates of $161.41 million. During the same period last year, the business posted $0.75 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts anticipate that Chesapeake Lodging Trust will post $0.82 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the business. AXA increased its stake in Chesapeake Lodging Trust by 7.4% in the 1st quarter. AXA now owns 177,900 shares of the real estate investment trust’s stock valued at $4,262,000 after buying an additional 12,300 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Chesapeake Lodging Trust by 4.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 577,567 shares of the real estate investment trust’s stock valued at $13,839,000 after buying an additional 26,438 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Chesapeake Lodging Trust by 14.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 33,948 shares of the real estate investment trust’s stock valued at $813,000 after buying an additional 4,219 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Chesapeake Lodging Trust by 7.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 288,636 shares of the real estate investment trust’s stock valued at $6,916,000 after buying an additional 19,778 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Chesapeake Lodging Trust by 29.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,723,171 shares of the real estate investment trust’s stock valued at $66,637,000 after buying an additional 614,111 shares during the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.

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.

Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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