Chesapeake Lodging Trust (NYSE:CHSP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Chesapeake Lodging Trust is a real estate investment trust. It is a self-advised hotel investment company focused on investments in upper upscale hotels in business, airport, convention markets, and select-service hotels in urban settings or locations in the United States. “

Other equities analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Robert W. Baird set a $27.00 price objective on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Sunday, October 1st. Janney Montgomery Scott upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $23.00 price objective on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $26.67.

Chesapeake Lodging Trust (CHSP) traded up $0.13 during trading hours on Tuesday, reaching $28.09. 493,100 shares of the company traded hands, compared to its average volume of 341,421. The firm has a market cap of $1,680.82, a PE ratio of 12.83, a P/E/G ratio of 2.56 and a beta of 1.09. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year high of $28.77. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The business had revenue of $158.28 million during the quarter, compared to analyst estimates of $159.18 million. During the same quarter in the prior year, the company posted $0.71 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. research analysts forecast that Chesapeake Lodging Trust will post 2.19 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Chesapeake Lodging Trust by 9,194.7% in the 1st quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock worth $204,947,000 after purchasing an additional 8,461,612 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Chesapeake Lodging Trust by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock worth $74,352,000 after purchasing an additional 33,674 shares during the last quarter. State Street Corp grew its holdings in shares of Chesapeake Lodging Trust by 2.0% in the 2nd quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock worth $56,906,000 after purchasing an additional 46,045 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Chesapeake Lodging Trust by 27.0% in the 2nd quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock worth $54,803,000 after purchasing an additional 476,562 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Chesapeake Lodging Trust by 3.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,789,979 shares of the real estate investment trust’s stock worth $43,804,000 after purchasing an additional 63,574 shares during the last quarter. 98.62% of the stock is currently owned by institutional investors and hedge funds.

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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