Shares of Chesapeake Lodging Trust (NYSE:CHSP) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $26.40.
CHSP has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Thursday, November 2nd. Robert W. Baird set a $30.00 price target on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research report on Friday, December 1st. SunTrust Banks restated a “hold” rating and set a $23.00 price target on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. downgraded shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th.
Shares of Chesapeake Lodging Trust (NYSE CHSP) traded down $0.53 during trading on Friday, hitting $26.72. 274,915 shares of the company’s stock were exchanged, compared to its average volume of 195,454. The firm has a market capitalization of $1,638.14, a P/E ratio of 32.99, a P/E/G ratio of 2.29 and a beta of 1.08. Chesapeake Lodging Trust has a 1-year low of $22.55 and a 1-year high of $29.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56.
In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the completion of the transaction, the director now owns 19,485 shares in the company, valued at approximately $558,829.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Invictus RG acquired a new stake in Chesapeake Lodging Trust in the 3rd quarter valued at about $139,000. Flinton Capital Management LLC raised its holdings in Chesapeake Lodging Trust by 78.4% in the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,548 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Chesapeake Lodging Trust in the 3rd quarter valued at about $161,000. Acadian Asset Management LLC acquired a new stake in Chesapeake Lodging Trust in the 4th quarter valued at about $200,000. Finally, Amalgamated Bank acquired a new stake in Chesapeake Lodging Trust in the 3rd quarter valued at about $216,000. Institutional investors own 99.88% of the company’s stock.
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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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