Chesapeake Lodging Trust (NYSE:CHSP) Upgraded to B by TheStreet

Chesapeake Lodging Trust (NYSE:CHSP) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Friday, August 4th.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a research report on Friday, August 4th. BidaskClub raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Deutsche Bank AG reissued a “hold” rating and set a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Finally, Robert W. Baird reissued an “outperform” rating and set a $27.00 price target (up from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.20.

Chesapeake Lodging Trust (CHSP) opened at 24.61 on Friday. The stock’s 50 day moving average price is $24.92 and its 200 day moving average price is $24.32. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The company has a market cap of $1.45 billion, a P/E ratio of 25.16 and a beta of 1.13.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating 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 firm had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $161.41 million. During the same period in the previous year, the company earned $0.75 earnings per share. Chesapeake Lodging Trust’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Chesapeake Lodging Trust will post $0.82 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in CHSP. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Chesapeake Lodging Trust by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 477 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Chesapeake Lodging Trust by 46.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,500 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Chesapeake Lodging Trust during the first quarter worth $123,000. GAM Holding AG increased its position in Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 429 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in Chesapeake Lodging Trust by 78.4% in the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,548 shares in the last quarter. Hedge funds and other institutional investors own 99.16% 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.

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