Chesapeake Lodging Trust (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 note issued on Friday, August 4th.

CHSP has been the subject of several other reports. BidaskClub upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Deutsche Bank AG restated a “hold” rating and set a $22.00 target price (up from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Robert W. Baird restated an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 price objective on shares of Chesapeake Lodging Trust in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.20.

Chesapeake Lodging Trust (CHSP) opened at 24.61 on Friday. The stock’s 50 day moving average is $24.92 and its 200 day moving average is $24.32. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week high of $27.08. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 25.16 and a beta of 1.13.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $161.41 million. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. Equities research analysts forecast that Chesapeake Lodging Trust will post $0.82 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Chesapeake Lodging Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 9,753,885 shares of the real estate investment trust’s stock worth $233,703,000 after buying an additional 131,144 shares during the last quarter. BlackRock Inc. raised its position in Chesapeake Lodging Trust by 9,194.7% in the first quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock worth $204,947,000 after buying an additional 8,461,612 shares during the last quarter. Morgan Stanley raised its position in Chesapeake Lodging Trust by 31.2% in the first quarter. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust’s stock worth $85,770,000 after buying an additional 851,341 shares during the last quarter. Bank of New York Mellon Corp raised its position in 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 worth $66,637,000 after buying an additional 614,111 shares during the last quarter. Finally, State Street Corp raised its position in Chesapeake Lodging Trust by 2.0% in the second quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock worth $56,906,000 after buying an additional 46,045 shares during 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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