Weekly Analysts’ Ratings Updates for Chesapeake Lodging Trust (CHSP)

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Chesapeake Lodging Trust (NYSE: CHSP) recently received a number of ratings updates from brokerages and research firms:

  • 2/22/2019 – Chesapeake Lodging Trust had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 2/20/2019 – Chesapeake Lodging Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 2/13/2019 – Chesapeake Lodging Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 2/6/2019 – Chesapeake Lodging Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 1/31/2019 – Chesapeake Lodging Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 1/25/2019 – Chesapeake Lodging Trust had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 1/23/2019 – Chesapeake Lodging Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 1/17/2019 – Chesapeake Lodging Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 1/10/2019 – Chesapeake Lodging Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 1/8/2019 – Chesapeake Lodging Trust was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $31.00 price target on the stock.
  • 1/3/2019 – Chesapeake Lodging Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 12/28/2018 – Chesapeake Lodging Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “

CHSP stock opened at $29.43 on Friday. Chesapeake Lodging Trust has a 12-month low of $23.68 and a 12-month high of $33.81. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.75 and a current ratio of 1.75.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Chesapeake Lodging Trust had a net margin of 18.64% and a return on equity of 7.47%. The company had revenue of $142.50 million for the quarter, compared to analysts’ expectations of $140.58 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. Chesapeake Lodging Trust’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Chesapeake Lodging Trust will post 2.3 EPS for the current year.

In related news, Director Jeffrey D. Nuechterlein sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $28.45, for a total transaction of $28,450.00. Following the transaction, the director now owns 13,154 shares in the company, valued at $374,231.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in Chesapeake Lodging Trust by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 193,164 shares of the real estate investment trust’s stock worth $4,704,000 after acquiring an additional 7,009 shares in the last quarter. APG Asset Management N.V. bought a new stake in Chesapeake Lodging Trust during the fourth quarter worth about $6,052,000. Public Employees Retirement System of Ohio boosted its stake in Chesapeake Lodging Trust by 7.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 109,915 shares of the real estate investment trust’s stock worth $2,676,000 after acquiring an additional 7,759 shares in the last quarter. Millennium Management LLC bought a new stake in Chesapeake Lodging Trust during the fourth quarter worth about $525,000. Finally, Jane Street Group LLC bought a new stake in Chesapeake Lodging Trust during the fourth quarter worth about $221,000. Institutional investors own 98.31% of the company’s stock.

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.

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