Chesapeake Lodging Trust (NYSE:CHSP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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 issued research reports about the company. TheStreet upgraded 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 target price on Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Sunday, October 1st. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $25.00 to $32.00 in a research note on Wednesday, September 27th. BidaskClub upgraded 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 target price on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.67.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded down $0.02 during mid-day trading on Tuesday, reaching $28.37. The company had a trading volume of 381,100 shares, compared to its average volume of 342,200. The stock has a market cap of $1,706.67, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $28.77.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The firm had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. equities analysts predict that Chesapeake Lodging Trust will post 2.19 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Chesapeake Lodging Trust by 9,194.7% during the 1st quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock valued at $204,947,000 after acquiring an additional 8,461,612 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Chesapeake Lodging Trust during the 2nd quarter valued at about $18,597,000. Bank of New York Mellon Corp grew its position in shares of Chesapeake Lodging Trust by 29.1% during 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 acquiring an additional 614,111 shares during the period. Northern Trust Corp grew its position in shares of Chesapeake Lodging Trust by 27.0% during the 2nd quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock valued at $54,803,000 after acquiring an additional 476,562 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Chesapeake Lodging Trust during the 2nd quarter valued at about $8,301,000. 98.62% of the stock is currently owned by 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.

Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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