Chesapeake Lodging (NYSE:CHSP) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.86.

A number of research firms have issued reports on CHSP. Zacks Investment Research upgraded Chesapeake Lodging from a “sell” rating to a “hold” rating in a research note on Monday, February 19th. Robert W. Baird reiterated a “buy” rating and set a $29.00 price target on shares of Chesapeake Lodging in a research note on Friday, February 16th. Deutsche Bank lifted their price target on Chesapeake Lodging from $23.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Janney Montgomery Scott cut their price target on Chesapeake Lodging from $32.00 to $26.32 and set a “fair value” rating for the company in a research note on Friday, February 16th.

How to Become a New Pot Stock Millionaire

Several institutional investors have recently bought and sold shares of CHSP. SG Americas Securities LLC lifted its position in shares of Chesapeake Lodging by 71.6% during the 3rd quarter. SG Americas Securities LLC now owns 11,442 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 4,776 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Chesapeake Lodging by 25.8% during the 3rd quarter. Macquarie Group Ltd. now owns 22,400 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 4,600 shares in the last quarter. American International Group Inc. lifted its position in shares of Chesapeake Lodging by 5.7% during the 3rd quarter. American International Group Inc. now owns 46,975 shares of the real estate investment trust’s stock worth $1,267,000 after buying an additional 2,541 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Chesapeake Lodging by 38.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 377,987 shares of the real estate investment trust’s stock worth $10,205,000 after buying an additional 105,424 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Chesapeake Lodging by 13.1% during the 3rd quarter. Wells Fargo & Company MN now owns 739,056 shares of the real estate investment trust’s stock worth $19,932,000 after buying an additional 85,526 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

CHSP stock traded up $0.29 during mid-day trading on Thursday, reaching $29.41. 87,831 shares of the company traded hands, compared to its average volume of 287,291. The company has a market capitalization of $1,739.56, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.97. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.45 and a current ratio of 1.45. Chesapeake Lodging has a fifty-two week low of $22.55 and a fifty-two week high of $29.43.

Chesapeake Lodging (NYSE:CHSP) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The company had revenue of $142.70 million for the quarter, compared to analyst estimates of $143.85 million. Chesapeake Lodging had a net margin of 12.34% and a return on equity of 6.67%. Chesapeake Lodging’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. sell-side analysts forecast that Chesapeake Lodging will post 2.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.60 annualized dividend and a dividend yield of 5.44%. Chesapeake Lodging’s dividend payout ratio is currently 73.73%.

COPYRIGHT VIOLATION WARNING: This article was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.thecerbatgem.com/2018/04/17/brokerages-set-chesapeake-lodging-chsp-target-price-at-25-86.html.

About Chesapeake Lodging

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.

Analyst Recommendations for Chesapeake Lodging (NYSE:CHSP)

Receive News & Ratings for Chesapeake Lodging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging and related companies with MarketBeat.com's FREE daily email newsletter.