Chesapeake Lodging Trust (CHSP) Earns “Hold” Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their hold rating on shares of Chesapeake Lodging Trust (NYSE:CHSP) in a report published on Tuesday. The brokerage currently has a $23.00 price objective on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the stock. TheStreet raised shares of 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 price target on shares of Chesapeake Lodging Trust and gave the company a buy rating in a research note on Friday, August 25th. Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a neutral rating to a buy rating and lifted their price target for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. BidaskClub raised shares of Chesapeake Lodging Trust from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a research note on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Chesapeake Lodging Trust currently has an average rating of Buy and an average target price of $26.50.

Chesapeake Lodging Trust (NYSE:CHSP) traded down 1.33% on Tuesday, reaching $28.23. The company’s stock had a trading volume of 80,910 shares. The firm has a 50-day moving average of $26.70 and a 200-day moving average of $24.93. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $28.77. The company has a market capitalization of $1.67 billion, a PE ratio of 28.87 and a beta of 1.11.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. Analysts predict that Chesapeake Lodging Trust will post $0.82 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date was Thursday, September 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is 164.95%.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Chesapeake Lodging Trust by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 399 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Chesapeake Lodging Trust in the first quarter worth approximately $123,000. GAM Holding AG raised its stake 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. Daiwa Securities Group Inc. raised its stake in Chesapeake Lodging Trust by 17.0% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 800 shares in the last quarter. Finally, Flinton Capital Management LLC rais

Other analysts also recently issued research reports about the stock. TheStreet raised shares of 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 price target on shares of Chesapeake Lodging Trust and gave the company a buy rating in a research note on Friday, August 25th. Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a neutral rating to a buy rating and lifted their price target for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. BidaskClub raised shares of Chesapeake Lodging Trust from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a research note on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Chesapeake Lodging Trust currently has an average rating of Buy and an average target price of $26.50.

Chesapeake Lodging Trust (NYSE:CHSP) traded down 1.33% on Tuesday, reaching $28.23. The company’s stock had a trading volume of 80,910 shares. The firm has a 50-day moving average of $26.70 and a 200-day moving average of $24.93. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $28.77. The company has a market capitalization of $1.67 billion, a PE ratio of 28.87 and a beta of 1.11.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. Analysts predict that Chesapeake Lodging Trust will post $0.82 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date was Thursday, September 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is 164.95%.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Chesapeake Lodging Trust by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 399 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Chesapeake Lodging Trust in the first quarter worth approximately $123,000. GAM Holding AG raised its stake 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. Daiwa Securities Group Inc. raised its stake in Chesapeake Lodging Trust by 17.0% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 800 shares in the last quarter. Finally, Flinton Capital Management LLC raised its stake 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. 98.54% of the stock is 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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