Chesapeake Lodging Trust (NYSE:CHSP) received a $27.00 price objective from research analysts at Robert W. Baird in a research report issued on Sunday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 0.11% from the company’s previous close.

Several other brokerages also recently commented on CHSP. TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. BidaskClub raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price objective on shares of Chesapeake Lodging Trust in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $27.20.

Shares of Chesapeake Lodging Trust (CHSP) traded up 0.37% during midday trading on Friday, reaching $27.07. The company had a trading volume of 280,189 shares. The stock has a 50-day moving average of $25.24 and a 200 day moving average of $24.34. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 27.68 and a beta of 1.11. Chesapeake Lodging Trust has a 52 week low of $20.81 and a 52 week high of $27.46.

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

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A number of institutional investors have recently made changes to their positions in the business. AXA increased its holdings in shares of Chesapeake Lodging Trust by 7.4% during the first quarter. AXA now owns 177,900 shares of the real estate investment trust’s stock valued at $4,262,000 after acquiring an additional 12,300 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Chesapeake Lodging Trust by 4.8% in the first 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 in the last quarter. IndexIQ Advisors LLC lifted its stake in shares of Chesapeake Lodging Trust by 42.8% in the second quarter. IndexIQ Advisors LLC now owns 90,727 shares of the real estate investment trust’s stock valued at $2,220,000 after buying an additional 27,189 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Chesapeake Lodging Trust by 7.4% in the first 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Chesapeake Lodging Trust by 29.1% in the second 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 in the last quarter. 98.54% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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