Chesapeake Lodging Trust (CHSP) Rating Reiterated by Robert W. Baird

Chesapeake Lodging Trust (NYSE:CHSP)‘s stock had its “outperform” rating reissued by stock analysts at Robert W. Baird in a research note issued on Friday. They presently have a $27.00 target price on the real estate investment trust’s stock, up from their prior target price of $26.00. Robert W. Baird’s price target indicates a potential upside of 7.70% from the company’s previous close.

CHSP has been the topic of a number of other reports. Janney Montgomery Scott restated a “neutral” rating and set a $24.00 price objective on shares of Chesapeake Lodging Trust in a research report on Thursday, February 23rd. Zacks Investment Research downgraded Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 7th. TheStreet downgraded Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Finally, BidaskClub upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.25.

Chesapeake Lodging Trust (NYSE CHSP) traded up 1.05% during trading on Friday, reaching $25.07. The company had a trading volume of 641,276 shares. The firm’s 50 day moving average is $23.57 and its 200 day moving average is $24.50. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08. The company has a market capitalization of $1.48 billion, a PE ratio of 23.04 and a beta of 1.09.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Chesapeake Lodging Trust had a return on equity of 6.07% and a net margin of 11.77%. The business had revenue of $134.90 million for the quarter, compared to the consensus estimate of $132.06 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts predict that Chesapeake Lodging Trust will post $0.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.38%. Chesapeake Lodging Trust’s payout ratio is 146.79%.

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Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 valued at $106,000 after buying an additional 477 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of 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 valued at $113,000 after buying an additional 1,500 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Chesapeake Lodging Trust during the first quarter valued at $123,000. Quantbot Technologies LP acquired a new stake in shares of Chesapeake Lodging Trust during the first quarter valued at $184,000. Finally, ProShare Advisors LLC increased its stake in shares of Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Chesapeake Lodging Trust Company Profile

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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